California functions similarly to Saudi Arabia, characterized by distinct elements that influence its stability and economy. Both regions showcase a dominant belief system—wokeism in California akin to Wahhabism in Saudi Arabia—that may not be widely accepted but heavily impacts societal norms and policies. Additionally, California's economy is driven by major tech companies, much like Saudi Arabia is driven by oil. This wealth generation allows for substantial government spending and contributes to inefficiencies within the governmental structure. Real estate markets in California echo those in Saudi Arabia, where wealth is redistributed through large asset holdings. Despite critiques of political and economic systems in both areas, the underlying wealth—whether from oil or technology—provides a buffer that sustains these systems against potential collapse, indicating a stable but distorted economic landscape.
Peter Thiel is an entrepreneur and investor. He co-founded PayPal, made the first outside investment in Facebook, and co-founded Palantir Technologies, where he serves as chairman. Thiel is a partner at Founders Fund and leads the Thiel Foundation, which funds technological progress and long-term thinking. He is also the author of the #1 New York Times bestseller Zero to One.
https://foundersfund.com
https://palantir.com
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