Billionaire Robinhood Hero Chamath Palihapitiya Is A Pushback On Progressive Democrats
Palihapitiya was making an opportunity out of American politics’ age-old dream of an enlightened capitalist-turned-populist parachuting in to bridge the partisan divide and rescue the country. But Palihapitiya is not a typical man of the people: beneath the public image is a paradigmatic tech-industry oligarch promoting anti-government ideology, repackaged and updated for the social media age. Whether or not he ends up running for public office—he’s said he’s “not ready” to run for governor—Palihapitiya represents a counter to the resurgent progressive wing of the Democratic Party: a corporate-friendly Third Way centrist, with a sprinkle of social justice rhetoric but also an intense devotion to libertarian free-market triumphalism....