So my understanding is Silicon Valley programmers have a liberal to progressive culture, but the VCs that fund tech companies have the reputation of being libertarian. Thiel at least a is a noted libertarian.
The stereotype is that rich investors have these 'libertarian' ideals where they believe that, freed from burdensome taxes and living in a world where bailouts don't happen, they will invest wisely and create a tech utopia thanks to 'survival of the fittest' principles. However, people feel these rich investor types behave more along the lines of 'libertarian principles when we make money, socialism when we are losing money'.
I don't know the extent to that which is true but obviously when rich people have their money threatened it makes sense that they would want a bailout even according to their own 'principles' they shouldn't get it.
The stereotype is that rich investors have these 'libertarian' ideals where they believe that, freed from burdensome taxes and living in a world where bailouts don't happen, they will invest wisely and create a tech utopia thanks to 'survival of the fittest' principles. However, people feel these rich investor types behave more along the lines of 'libertarian principles when we make money, socialism when we are losing money'.
I don't know the extent to that which is true but obviously when rich people have their money threatened it makes sense that they would want a bailout even according to their own 'principles' they shouldn't get it.