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If we want to understand why these technology companies behave this way we should listen to the words of those who built them. Peter Thiel, the venture capitalist behind Facebook, Palantir, and Paypal, spoke at length about how he no longer believes “freedom and democracy are compatible.” And in elaborating his views on technology companies, he expanded on how CEOs are the new monarchs in a techno-feudal system of governance. We just don't call them monarchies in public, he said, because “anything that's not democracy makes people uncomfortable.
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