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"There was a way the intergenerational compact has broken down, the younger generation is finding it much harder to get their footing," Thiel explains. The Democratic party, in his view, had become beholden to a narrow, identity-focused agenda disconnected from the lived realities of working-class voters.
The Preference Cascade and the Shift in Silicon Valley
Thiel attributes Trump's victory in part to a "preference cascade" - a phenomenon where individuals, once they realize they are not alone in their views, become emboldened to express them publicly. This dynamic played out acutely in Silicon Valley, where Thiel was an early outlier in his support for Trump.