The road to Trumpdom

Tech billionaires' paradoxical political support of Trump

Nick Cohen and Quinn Slobodian,@zeithistoriker, the Canadian author and academic, discuss the paradoxical behaviour of American libertarians, particularly tech billionaires, who have been supporting Donald Trump despite his policies contradicting their beliefs in free trade, limited state interference, and unrestricted business operations. Quinn, a professor of international history at Boston University, introduced his book "Hayek's Bastards: The Neoliberal Roots of the Populist Right," which explores the roots of the modern radical right and helps understand why these individuals seem to make little sense.

Neoliberalism's Shift From Globalism to Authoritarianism

Quinn discusses the origins of neoliberal thought and libertarianism in the aftermath of the Habsburg Empire's collapse. He highlighted the Universalist project of Friedrich Hayek, Wilhelm Rupka, and Ludwig von Mises to rebuild the world economy. Quinn also explains how the consensus of globalism started to unravel in the 1990s, leading to a shift in libertarian Universalism towards human differences and acceptance of authoritarian partnerships. He uses the figure of Peter Thiel to illustrate this transformation.

Silicon Valley's Libertarian escapism and government

Quinn discusses the convergence of Silicon Valley escapism and libertarianism, highlighting the story of California and its influence on libertarianism. He also touched on the role of the government in supporting the tech industry, particularly in the development of the Internet. Nick agrees with Quinn's points and added that the hippie movement also sought to reduce the power of the state over the individual.

Ultra-rich influence on American society

Quinn and Nick discuss the influence of the ultra-rich on American society. Quinn argued that the ultra-rich have abandoned the need to buy legitimacy, which is a warning sign. Nick suggests that the ultra-rich are not as concerned with America as they should be, and that they are more sanguine about Trump's actions. Quinn also mentioned that the ultra-rich are constantly seeking security and are leaning into the dynamics of capitalist competition. Nick concludes that the ultra-rich are willing to use any means to defeat their perceived enemies, including burning down American cultural institutions.

Nick Cohen's @NichCohen4 latest Substack column Writing from London on politics and culture from the UK and beyond.

Quinn Slobodian is a Canadian author & historian specialising in modern Germany and international history. He is currently Professor of International History at Boston University. His latest book is Hayek's bastards: The Neoliberal roots of the Populist Right.

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