Our readingWhat is a korrent?
Drawn from what Peter Thiel said, then moved away from
government What states are for and what they are worse at than markets and networks: legitimacy, moral hazard, and who may be entrusted with power.
democracy Elections, the losers accepting them, and the rules that keep power answerable to voters.
Recalls holdingBut I must confess that over the last two decades, I have changed radically on the question of how to achieve these goals. Most importantly, I no longer believe that freedom and democracy are compatible.
Added to korrents 3 Sept 2026 · How quotes work · Something wrong? Tell us
Do you hold this korrent?Do you also believe this?
I hold this tooIn tension with
A government is legitimate internally if the governed have consented to it, whatever form it takes.
Srinivasan grounds internal legitimacy in the consent of the governed, whatever form the government takes. Thiel says freedom and democracy are not compatible, a conclusion he reached over two decades. Consent is the whole of legitimacy in one account and the thing that costs you freedom in the other.
Shared subject first, then similar wording. They may agree or disagree.