What's happened
An exploration of how a libertarian book predicting the collapse of liberal democracies, authored by Jacob Rees-Mogg's father, has influenced figures like Peter Thiel in real estate investments across the Pacific. This analysis reflects on the implications of such ideologies in contemporary society.
Why it matters
What the papers say
Mark O’Connell in The Guardian discusses how Jacob Rees-Mogg's father's book has inspired influential libertarians like Peter Thiel to invest heavily in real estate, suggesting a broader trend of ideological influence on economic behavior. The article highlights the potential consequences of such investments on housing markets and societal structures, emphasizing the need for awareness of these dynamics.
How we got here
The article revisits a 2018 libertarian tract that forecasted the decline of liberal democracies. This work has gained traction among influential figures, prompting significant property acquisitions in strategic locations.
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