Full
Transcript:
THANK YOU VERY MUCH FOR HAVING ME HERE.
EVERYONE KNOWS WE HAVE BEEN LIVING THROUGH A CRAZY
ELECTION YEAR. REAL EVENTS SEEM LIKE THE REHEARSALS FOR SATURDAY NIGHT LIVE.
ONLY AN OUTBREAK OF INSANITY WOULD SEEM TO ACCOUNT FOR
THE UNPRECEDENTED FACT THAT THIS YEAR, A POLITICAL OUTSIDER MANAGED TO WIN A
MAJOR PARTY NOMINATION.
TO THE PEOPLE WHO ARE USED TO INFLUENCING OUR CHOICES,
THE WEALTHY PEOPLE WHO GIVE MONEY AND THE COMMENTATORS WHO GIVE REASONS WHY,
IT ALL SEEMS LIKE A BAD DREAM.
DONORS DON'T WANT TO FIND OUT WHY WE GOT HERE, THEY JUST
WANT TO MOVE ON. COME NOVEMBER 9, THEY HOPE EVERYONE ELSE WILL GO BACK TO
BUSINESS AS USUAL. BUT IT IS THIS HEEDLESSNESS: THE TEMPTATION TO IGNORE IN
DIFFICULT REALITIES INDULGED IN BY OUR CITIZENS THAT GOT US WHERE WE ARE TODAY.
A LOT OF SUCCESSFUL PEOPLE ARE TOO PROUD TO ADMIT IT
SINCE IT SEEMS TO PUT THEIR SUCCESS IN QUESTION. BUT THE TRUTH IS, NO MATTER
HOW CRAZY THIS ELECTION SEEMS, IT IS LESS CRAZY THAN THE CONDITION OF OUR
COUNTRY. JUST LOOK AT THE GENERATION THAT SUPPLIES MOST OF OUR LEADERS. THE
BABY BOOMERS. THEY ARE ENTERING RETIREMENT IN A STATE OF ACTUARIAL BANKRUPTCY.
54% OF THOSE OVER THE AGE OF 55 HAVE LESS THAN ONE YEARS WORTH OF SAVINGS TO
THEIR NAME.
THAT IS A PROBLEM, ESPECIALLY WHEN THIS IS THE ONLY
COUNTRY WHERE YOU HAVE TO PAY UP TO 10 TIMES AS MUCH FOR SIMPLE MEDICINES AS
YOU WOULD PAY ANYWHERE ELSE. AMERICA'S OVERPRICED HEALTH CARE SYSTEM MIGHT
HELP SUBSIDIZE THE REST OF THE WORLD, BUT THAT DOES NOT HELP AMERICANS WHO
CANNOT AFFORD IT AND THEY HAVE STARTED TO NOTICE.
OUR YOUNGEST CITIZENS MAY NOT HAVE MEDICAL BILLS, BUT
THEIR COLLEGE TUITION KEEPS ON INCREASING FASTER THAN THE RATE OF INFLATION,
ADDING MORE EVERY YEAR TO OUR $1.3 TRILLION MOUNTAIN OF STUDENT DEBT. AMERICA
HAS BECOME THE ONLY COUNTRY WHERE STUDENTS TAKE ON LOANS THEY CAN NEVER ESCAPE,
NOT EVEN BY DECLARING BANKRUPTCY.
STUCK IN THIS BROKEN SYSTEM, MILLENNIALS ARE THE FIRST
GENERATION THAT EXPECT THEIR OWN LIVES TO BE WORSE THAN THE LIVES OF THEIR
PARENTS. WHILE AMERICAN FAMILY EXPENSES HAVE BEEN INCREASING
RELENTLESSLY, THEIR INCOMES HAVE BEEN STAGNANT. IN REAL DOLLARS, IMMEDIATE
HOUSEHOLD MAKES LESS MONEY TODAY THAT MADE 17 YEARS AGO. NEARLY HALF OF
AMERICANS WOULD NOT BE ABLE TO COME UP WITH $400 IF THEY NEEDED IT FOR AN
EMERGENCY.
YET, WHILE HOUSEHOLDS STRUGGLED TO KEEP UP WITH THE
CHALLENGES OF EVERYDAY LIFE, THE GOVERNMENT IS WASTING TRILLIONS OF DOLLARS
ON TAXPAYER MONEY ON FARAWAY WARS. RIGHT NOW, WE'RE FIGHTING FIVE OF THEM. IN
IRAQ, SYRIA, LIBYA, AND SOMALIA.
IN THE WEALTHY SUBURBS OF WASHINGTON DC, PEOPLE ARE DOING
JUST FINE. WHERE I WORK IN SILICON VALLEY, PEOPLE ARE DOING JUST GREAT. BUT MOST AMERICANS DON'T LIVE BY THE BELTWAY OR THE SAN FRANCISCO BAY.
MOST AMERICANS HAVE NOT BEEN PART OF THAT PERSPECTIVE. IT SHOULDN'T BE
SURPRISING TO SEE PEOPLE VOTING FOR BERNIE SANDERS OR DONALD TRUMP, WHO IS THE
ONLY OUTSIDER (VERY FEW PEOPLE WHO VOTE FOR PRESIDENT HAVE EVER THOUGHT OF
DOING SOMETHING SO EXTREME AS RUNNING FOR PRESIDENT. THE PEOPLE WHO RUN ARE
OFTEN POLARIZING).
THIS ELECTION YEAR, BOTH MAJOR CANDIDATES ARE IMPERFECT
PEOPLE TO SAY THE LEAST. I DON'T AGREE WITH EVERYTHING DONALD TRUMP HAS SAID
AND DONE, AND I DON'T THINK THE MILLIONS OF OTHER PEOPLE VOTING FOR HIM DO
EITHER. NOBODY THINKS HIS COMMENTS ABOUT WOMEN WERE ACCEPTABLE. I AGREE,
THEY WERE CLEARLY OFFENSIVE AND INAPPROPRIATE. BUT I DON'T THINK THE VOTERS
PULL THE LEVER TO ENDORSE A CANDIDATE'S FLAWS.
IT IS NOT A LACK OF JUDGMENT THAT LEADS AMERICANS TO VOTE
FOR TRUMP, WE ARE VOTING FOR TRUMP BECAUSE WE JUDGE THE LEADERSHIP OF OUR
COUNTRY TO HAVE FAILED.
THIS JUDGMENT HAS BEEN HARD TO ACCEPT FOR SOME OF THE
COUNTRIES MOST FORTUNATE, SOCIALLY PROMINENT PEOPLE. IT CERTAINLY HAS BEEN HARD
TO ACCEPT FOR SILICON VALLEY, WHERE MANY PEOPLE HAVE LEARNED TO KEEP QUIET IF
THEY DISSENT FROM THE COASTAL BUBBLE. LOUDER VOICES HAVE SENT A MESSAGE
THAT THEY DO NOT INTEND TO TOLERATE THE VIEWS OF ONE HALF OF THE COUNTRY.
THIS INTOLERANCE HAS TAKEN ON SOME BIZARRE FORMS.
THE ADVOCATE, A MAGAZINE WHICH ONCE PRAISED ME AS A GAY INNOVATOR, EVEN
PUBLISHED AN ARTICLE SAYING THAT AS OF NOW I AM, AND I QUOTE "NOT A GAY
MAN" BECAUSE I DON'T AGREE WITH THEIR POLITICS. THE LIE IN THE BUZZWORD OF
DIVERSITY COULD NOT BE MADE MORE CLEAR. IF YOU DON'T CONFORM, THEN YOU DON'T
COUNT AS DIVERSE, NO MATTER WHAT YOUR PERSONAL BACKGROUND.
FACED WITH SUCH CONTEMPT, WHY DO VOTERS STILL SUPPORT
DONALD TRUMP? EVEN IF THEY THINK THE AMERICAN SITUATION IS SERIOUS, WHY DO THEY
THINK TRUMP OF ALL PEOPLE CAN MAKE IT BETTER?
I THINK IT IS BECAUSE OF THE BIG THINGS THAT TRUMP GETS
RIGHT. FOR EXAMPLE, FREE TRADE HAS NOT WORKED OUT WELL FOR ALL
OF AMERICA. IT HELPS TRUMP THAT THE OTHER SIDE JUST DOES NOT GET IT. ALL OF OUR
ELITES TREAT FREE TRADE AND EXPLAIN THAT CHEAP IMPORTS MAKE EVERYONE A WINNER
ACCORDING TO ECONOMIC THEORY. BUT IN ACTUAL PRACTICE, WE'VE LOST TENS OF
THOUSANDS OF FACTORIES AND MILLIONS OF DOLLARS TO FOREIGN TRADE. HEARTLAND HAS
BEEN DEVASTATED. MAYBE ELITES REALLY BELIEVE NO ONE LOSES OR MAYBE THEY DON'T
WORRY ABOUT IT TOO MUCH BECAUSE THEY THINK THEY ARE AMONG THE WINNERS.
THE SHEER SIZE OF THE U.S. TRADE DEFICIT SHOWS SOMETHING
HAS GONE BADLY WRONG. THE MOST DEVELOPED
COUNTRY IN THE WORLD SHOULD BE EXPORTING CAPITAL TO LESS DEVELOPED COUNTRIES.
INSTEAD, THE UNITED STATES IS IMPORTING MORE THAN $500 BILLION EVERY YEAR. THAT
MONEY FLOWS INTO FINANCIAL ASSETS, DISTORTS OUR ECONOMY IN FAVOR OF MORE
BANKING AND MORE FINANCIAL'S ASIAN AND GIVES WELL-CONNECTED PEOPLE WHO BENEFIT
A REASON TO DEFEND THE STATUS QUO. BUT NOT EVERYONE BENEFITS, AND THE TRUMP
VOTERS KNOW IT.
TRUMP VOTERS ARE ALSO TIRED OF WAR. WE HAVE BEEN AT WAR FOR 15 YEARS AND WE HAVE SPENT MORE THAN $4.6
TRILLION. MORE THAN 2 MILLION PEOPLE HAVE LOST THEIR LIVES AND MORE THAN 5000
AMERICAN SOLDIERS HAVE BEEN KILLED. BUT WE HAVE NOT ONE. THE BUSH
ADMINISTRATION PROMISED $50 BILLION COULD BRING DEMOCRACY TO IRAQ. INSTEAD, WE
SQUANDERED 40 TIMES AS MUCH TO BRING ABOUT CHAOS. EVEN AFTER THESE BIPARTISAN
FAILURES, THE DEMOCRATIC PARTY IS MORE HAWKISH TODAY THAN AT ANY TIME SINCE IT
BEGAN THE WAR IN VIETNAM. HARKING BACK TO THE NO-FLY ZONE BILL CLINTON ENFORCED
OVER IRAQ BEFORE BUSH COSTS FAILED WAR, NOW HILLARY CLINTON HAS CALLED FOR A
NO-FLY ZONE OVER SYRIA. INCREDIBLY, THAT WOULD BE A MISTAKE EVEN MORE RECKLESS
THAN INVADING IRAQ. SINCE MOST OF THE PLANES FLYING OVER SYRIA ARE RUSSIAN
PLANES, CLINTON'S PROPOSED COURSE OF ACTION WOULD INVOLVE US IN A MESSY CIVIL
WAR -- IT WOULD RISK A DIRECT NUCLEAR CONFLICT.
WHAT EXPLAINS THIS EAGERNESS TO ESCALATE A DANGEROUS
SITUATION? HOW COULD HILLARY CLINTON BE SO WILDLY OVEROPTIMISTIC ABOUT THE
OUTCOME OF WORK?
I WOULD SUGGEST IT COMES FROM A LOT OF PRACTICE. FOR A
LONG TIME, OUR ELITES HAVE BEEN IN THE POWER A LONG TIME, OUR ELITES HAVE
BEEN IN THE HABIT OF DENYING DIFFICULT REALITIES. THAT IS HOW BUBBLES FORM.
WHEREVER THERE'S A HARD PROBLEM BUT PEOPLE WANT TO BELIEVE IN AN EASY
SOLUTION, THEY WILL BE TEMPTED TO DENY REALITY AND INFLATED BUBBLE.
SOMETHING ABOUT THE EXPERIENCE OF THE BABY BOOMERS, WHOSE LIVES HAVE BEEN SO
MUCH EASIER THAN THEIR PARENTS OR THEIR CHILDREN HAS LED THEM TO BUY INTO
BUBBLES AGAIN AND AGAIN. THE TRADE BUBBLE SAYS EVERYONE IS A WINNER. THE WAR
BUBBLE SAYS VICTORY IS JUST AROUND THE CORNER, BUT THESE OVEROPTIMISTIC STORIES
SIMPLY HAVE NOT BEEN TRUE AND VOTERS ARE TIRED OF BEING LIED TO.
IT WAS BOTH INSANE AND SOMEHOW INEVITABLE THAT D.C.
INSIDERS EXPECTED THIS ELECTION TO BE A RERUN BETWEEN THE TWO POLITICAL
DYNASTIES WHO LET US THROUGH THE TWO MOST GIGANTIC FINANCIAL BUBBLES OF OUR
TIME. PRESIDENT GEORGE W. BUSH PRESIDED OVER THE INFLATION OF THE HOUSING
BUBBLE SO BIG THAT IT'S COLLAPSE IS STILL CAUSING ECONOMIC STAGNATION TODAY.
BUT WHAT IS STRANGELY FORGOTTEN IS THAT THE LAST DECADE HOUSING BUBBLE WAS JUST
AN ATTEMPT TO MAKE UP FOR THE GAINS THAT HAVE BEEN LOST THE DECADE BEFORE THAT.
IN THE 1990'S, PRESIDENT BILL CLINTON PRESIDED OVER AN ENORMOUS STOCK MARKET
BUBBLE AND DEVASTATING CRASH IN 2000 JUST AS HIS SECOND TERM WAS COMING TO AN
END. THAT IS HOW LONG THE SAME PEOPLE HAVE BEEN PURSUING THE SAME DISASTROUS
POLICIES.
NOW THAT SOMEONE DIFFERENT IS IN THE RUNNING, SOMEONE
WHO REJECTS THE STORIES THAT TELL US EVERYTHING IS FINE, HIS
LARGER-THAN-LIFE PERSONA ATTRACTS A LOT OF ATTENTION. NOBODY WOULD SUGGEST
DONALD TRUMP IS A HUMBLE MAN. BUT THE BIG THINGS, HE IS RIGHT ABOUT AN AMOUNT
TO A MUCH-NEEDED DOSE OF HUMILITY. HE HAS QUESTIONED THE POOR -- THE CORE
CONCEPT OF AMERICAN EXCEPTIONALISM.
HE DOESN'T THINK THE FORCE OF OPTIMISM ALONE CAN CHANGE
REALITY WITHOUT HARD WORK. JUST AS MUCH AS IS
IS ABOUT MAKING AMERICA GREAT, TRUMP'S AGENDA IS ABOUT MAKING AMERICA A NORMAL
COUNTRY, A NORMAL COUNTRY DOES NOT HAVE A HALF TRILLION DOLLAR TRADE DEFICIT. A
NORMAL COUNTRY DOES NOT FIGHT FIVE SIMULTANEOUS UNDECLARED WARS.
IN A NORMAL COUNTRY, THE GOVERNMENT ACTUALLY DOES ITS
JOB. TODAY, IT IS IMPORTANT TO RECOGNIZE THE GOVERNMENT HAS A
JOB TO DO. VOTERS ARE TIRED OF HEARING CONSERVATIVE POLITICIANS SAYING
GOVERNMENT NEVER WORKS. THEY KNOW GOVERNMENT WAS NOT ALWAYS THIS BROKEN. THE
MANHATTAN PROJECT, THE INTERSTATE HIGHWAY SYSTEM, THE APOLLO PROGRAM, WHATEVER
YOU THINK OF THESE VENTURES, YOU CANNOT DOUBT THE COMPETENCE OF THE GOVERNMENT
THAT GOT THEM DONE, BUT WE HAVE FALLEN VERY FAR FROM THAT STANDARD. WE CANNOT
LET FREE-MARKET IDEOLOGY SERVE AS AN EXCUSE FOR DECLINE.
NO MATTER WHAT HAPPENS IN THIS ELECTION, WHAT TRUMP
REPRESENTS IS NOT CRAZY AND IT'S NOT GOING AWAY. HE POINTS TOWARD A NEW REPUBLICAN PARTY BE ON THE DOGMAS OF REAGANISM. HE
POINTS BEYOND THE REMAKING OF ONE PARTY TO A NEW AMERICAN POLITICS THAT
OVERCOMES NILE, REJECTS BUBBLE THINKING AND RECKONS WITH REALITY. WHEN THE
DISTRACTING SPECTACLES OF THIS ELECTION SEASON ARE OVER AND THE HISTORY OF OUR
TIME IS WRITTEN, THE ONLY IMPORTANT QUESTION WILL BE WHETHER OR NOT THAT NEW
POLITICS CAME TOO LATE. THANK YOU.
http://www.zerohedge.com/news/2016-10-31/what-trump-represents-not-crazy-and-not-going-away-peter-thiel-full-transcript
