Robert Reich

Decades ago, America’s wealthy backed a Republican establishment that believed in fiscal conservatism, anti-communism, and constitutional democracy. But today’s billionaire class is pushing a radically anti-democratic agenda for America — backing Trump’s lie that the 2020 election was stolen, calling for restrictions on voting, and even questioning the value of democracy.

Peter Thiel, the billionaire tech financier who is among those leading the charge, writes “I no longer believe that freedom and democracy are compatible.”

Thiel is using his fortune to squelch democracy. He donated $15 million to the successful Republican Ohio senatorial primary campaign of J.D. Vance, who alleges that the 2020 election was stolen and that Biden’s immigration policy has meant “more Democrat voters pouring into this country.” And Thiel has donated at least $10 million to the Arizona Republican primary race of Blake Masters, who also claims Trump won the 2020 election and admires Lee Kuan Yew, the authoritarian founder of modern Singapore.

The former generation of wealthy conservatives backed candidates like Barry Goldwater, who wanted to conserve American institutions. Thiel and his fellow billionaires in the anti-democracy […]

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