In April 2023, Peter Thiel told associates he wouldn''t fund any Republican candidates in 2024, frustrated the party was focused on abortion and transgender bathroom bans instead of deregulation and competing with China. Why do tech billionaires bankroll culture warriors, then bail when the culture wars work?
Explanation
Thiel spent $35 million in 2022 electing Republicans who ran on cultural grievances. By April 2023, he was out—the culture wars he funded were now "distracting" from deregulation and competing with Ch...
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