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How the roots of the ‘PayPal mafia’ extend to apartheid South Africa (www.theguardian.com)
submitted 3 weeks ago by [email protected] to c/[email protected]
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He is not alone. Musk is part of the “PayPal mafia” of libertarian billionaires with roots in South Africa under white rule now hugely influential in the US tech industry and politics.

They include Peter Thiel, the German-born billionaire venture capitalist and PayPal cofounder, who was educated in a southern African city in the 1970s where Hitler was still openly venerated. Thiel, a major donor to Trump’s campaign, has been critical of welfare programs and women being permitted to vote as undermining capitalism. A 2021 biography of Thiel, called The Contrarian, alleged that as a student at Stanford he defended apartheid as “economically sound”.

David Sacks, formerly PayPal’s chief operating officer and now a leading fundraiser for Trump, was born in Cape Town and grew up within the South African diaspora after his family moved to the US when he was young. A fourth member of the mafia, Roelof Botha, the grandson of the apartheid regime’s last foreign minister, Pik Botha, and former PayPal CFO, has kept a lower political profile but remains close to Musk.

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[–] [email protected] 13 points 3 weeks ago

A 2021 biography of Thiel, called The Contrarian, alleged that as a student at Stanford he defended apartheid as “economically sound”.

Holy hell, what a prick.

[–] paraphrand 5 points 3 weeks ago

“payPAL” they’ve played us for fools

[–] ME5SENGER_24 1 points 3 weeks ago

Vorster made no secret of his sympathy for Nazi, or National Socialist, ideology which he compared to the Afrikaner political philosophy of Christian nationalism.

“We stand for Christian nationalism which is an ally of National Socialism,” he said in 1942. “You can call this anti-democratic principle dictatorship if you wish. In Italy it is called ‘Fascism’, in Germany ‘German National Socialism’ and in South Africa ‘Christian nationalism’.”

That’s funny, they’ve been saying it’s Christian Nationalism in the US too. I’m shocked. Shocked I tell you!