rant · moment 6 of 26
The 2008 Bailout Playbook and Post-American Tech Utopias
from Musk vs. Trump, Ukrainian Drones, & A Very Special List | The Tim Dillon Show #447 · #447
3 min
Tim compares the AI funding panic to the 2008 bank bailout scare tactics, then describes Peter Thiel-backed startups like Praxis that wanted to buy land in Greenland to build libertarian crypto city-states outside US law.
- Tim compares the 2008 bank bailout pitch to tech founders now demanding government money to compete with China, both using panic to extract cash.
- Tech people don't really care about America as an idea, just want resources and influence.
- During COVID, a startup tried to buy land and build their own civilization governed by crypto, with Peter Thiel as a major investor.
- Tim knew the kids behind Praxis, a Peter Thiel-linked startup that wanted to build the next great city in Greenland.
Hank PaulsonGeorge W. BushGoldman SachsPeter ThielPraxisprivate equity