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ASPEN, COLORADO — Billionaire investor and PayPal co-founder Peter Thiel warned a largely liberal audience at the Aspen Institute's Ideas Festival that democratic socialists are poised to take over the Democratic Party, framing the shift as the inevitable left-side mirror of the Trump movement — both driven by what he called decades of cultural, technological, and economic stagnation.
Stagnation as the Structural Driver Speaking on a panel about the direction of humanity at the Ideas Festival in Aspen, Colorado, Thiel described the stagnation of recent years as "very destabilizing" and argued that younger generations are bearing its full weight.
Millennials, he said, are doing less well economically than their baby boomer parents; Gen Z feels the pressure even more acutely.
That accumulated frustration, he argued, is not irrational anger — it is the predictable result of a generation discovering that the standard political consensus offers no exit.
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