The Wizard of Wall Street’s Argentina Gambit

Peter Thiel, co-founder of Palantir and self-proclaimed “enemy” of Silicon Valley, has been building a significant presence in Argentina. Amidst his efforts to ingratiate himself with the far-right government, protesters dressed as Gandalfs descended upon his residence, delivering a pointed message: it’s time for Thiel to leave.

The demonstration on Monday was a bold statement against Thiel’s growing influence in Argentina. He has been meeting with President Javier Milei and his ministers, discussing economic reforms and his potential future there. Milei, an ardent admirer of Thiel’s vision for anarcho-capitalist utopia, has welcomed him with open arms.

Thiel’s actions in Argentina have stirred controversy. The country’s labor laws have been rolled back to 19th-century standards, and wage collapse is a pressing issue. Eight in ten households earn less than the national average, making it no wonder that Milei revealed Thiel’s true interest: ensuring his anarcho-capitalist utopia remains intact even if he leaves office.

Thiel’s influence in Argentina is part of a larger pattern. As his influence in the US wanes, he seeks to establish a new base of operations where he can insulate himself from growing populist sentiments and class consciousness. The billionaire tax proposed in California would cut against Thiel’s interests, and it seems he’d rather flee than confront the consequences.

The Gandalfs’ protest was more than just a clever gesture; it was a reminder to Thiel that Argentina’s citizens are watching his every move. Milei’s approval rating has hit new lows due to corruption concerns, making Thiel’s position in the country increasingly precarious. The outcome of next year’s election will be decisive for both Milei and Thiel – if Argentinians have their way, it may spell the end of Thiel’s Argentina adventure.

In a country where eight in ten households live below the national average, Thiel’s concerns about populism and class consciousness seem misplaced. If he can’t adapt to the changing landscape, perhaps it’s time for him to return to his own backyard – one that may be more forgiving of his business practices than Argentina. The protesters’ message was clear: you can’t just buy your way into a new country, Thiel; you have to earn the trust and respect of its people. And if you’re only interested in exploiting their vulnerabilities for your own gain, then perhaps it’s time to pack your bags – or, rather, your 1% stake in Vaca Muerta.