We all know billionaires have a disproportionately weighted amount of power and influence in our society. That’s no secret. Billionaires like the Koch brothers and the Adelson family have bought and influenced elections across the country for years. While I’d argue this influence needs to regulated and reigned in, it’s not new.
Some billionaires however – particularly the new class of Silicon Valley billionaires – seem to feel their wealth lays upon them a responsibility to change the world. Jeff Bezos bought the most influential political newspaper in the country, the Washington Post. Mark Zuckerberg has been mysteriously touring Iowa, which just so happens to be the most important state in the Democratic primary. Mark Cuban has also not ruled out a run for president.
Elon Musk is the perfect example. One of the founders of Paypal, and the founder of Tesla and SpaceX, he feels that since he has earned tremendous wealth, that he should do his part to fix the world’s problems. Musk is typically well loved among members of the public, and has used his wealth to take on a number of challenges from global warming, to the colonization of other planets, to traffic congestion in California. He feels that he should be using his wealth to make the world a better place.
Then we come to Peter Thiel. Another cofounder of PayPal with Musk, Peter Thiel feels that it is also his responsibility to use his billions to fix the world’s problems. Thing is, Thiel has a totally different worldview than Musk, and along with it, a totally different set of “the world’s problems” which need “fixing.”
Thiel is notoriously a neoreactionary – which means that he believes our democracy and institutions have failed us, and that humanity needs an authoritarian strongman to lead it towards greatness. Thus it should be no surprise that he has supported Trump, and holds some of the same views against a free press that Trump holds. Thiel is largely responsible for taking down the website Gawker, either out of vindictiveness for stories published about him or out of motivations to curtail the perceived “bullies” of the free press, by funding the Hulk Hogan lawsuit against the company.
Can we not see how dangerous this thinking is? Believing that it is your responsibility to fix the perceived problems in the world is all well and good if your perceived “problems” align with the rest of our perceived problems. But what if they don’t? What if you perceive the “problems” in the world to be the first amendment and the people’s right to assemble and petition their government?
Being a billionaire does not give you authority – given that this was the fuel behind Trump’s candidacy for president, we see how flawed that argument can be. All it does is give you wealth and power. We the public need to be much more skeptical of these Silicon Valley billionaires. It is easy to want to see the founders of the devices and websites we love as leaders and heroes, but they don’t know any better about how to run society than you or me. And the more skeptical we are of Silicon Valley billionaires, just like any other billionaire, the better off we’ll be, and the less likely the left will get caught up in an all too familiar populist wave behind an incompetent leader.