Billionaire Peter Thiel stuns liberal crowd, warns democratic socialists will take over their party

Billionaire Peter Thiel stunned a largely liberal audience Tuesday at the Aspen Institute’s Ideas Festival with a warning that democratic socialists are taking over the Democratic Party. During a panel discussion about the direction of humanity, Thiel lamented the cultural, technological and economic “stagnation” that has taken place in recent years, something he considered to be “very destabilizing” in the long term. He argued that the “haywire” effects of that stagnation trickled into politics. “My generation was the first one where things felt really stuck,” Thiel said. “I think millennials are doing less well than their boomer parents. It’s even...