This is a speech that sums up the larger cultural, national changes going on of which Trump is but a part. Peter Thiel makes his presence and his mind known. Perhaps he will replace Trump in the future, for Trump is but a man to the movement in the Western world:
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….
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 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.
The country is in bad shape, the elites don’t know or don’t care, the millennials and working classes feel it the worst, and the future generations are already in debt for it. Meanwhile, we spend out money to better the world by destroying it and the proceeds go to a cadre at the top who despise us and tell us we are not worthy to live anymore and that our last remaining moments should be spent in solemn contrition of our ancestors’ bigotry and racism. Further, the tyranny of thought and words and feelings keeps freedom and sanity itself in chains.
American nationalists should realize that they have a long hard battle before them, and the pious globalists should realize that doubling down now puts them on the wrong side of history. Not that anyone really cared about that.