It's probably more accurate to call him a "fellow traveler". That is, he isn't someone who espouses the ideology of fascism outright.
But he's definitely willing to walk down same road with those who are much more clearly and visibly on the fascistoid spectrum (such as the candidate he supported for president in 2016 and 2020) in order to advance his own goals. All while being smart enough to understand the sociopolitical landscape, the parallels to history and all that.
Search for "dark enlightenment" -- Pete has a lot of uncomfortable connections to reactionary theorists.
See also: Frederick The Great, who was power hungry, belligerent, effective, and gay as hell. That whole Prussian discipline thing? Oh yeah, basically ramped up to 11 with Fred. Aside from loving opera and fashion, he also was all about large men and large horses.
> So, let’s sum up. Peter Thiel believes he belongs to an elite group, often understood in implicitly or explicitly racial terms, that is entitled to set aside democratic governance in favor of pursuing a program of technological progress and national restoration. He believes the political means to accomplish this is through a charismatic leader with manipulative, populist appeals to past national glory and against parasitic immigrants and culturally decadent liberalism. For him, even the most milquetoast, reformist liberalism is “tantamount to communism.” He’s obsessed with romanticized fantasies of absolute power, domination, and control. He dreams of wielding the the national security state against enemies both foreign and domestic. He envisioned a kind of imperialist world-state controlled not through deliberative bodies like the U.N. but directly by the intelligence and secret police bureaus. He combines the ideology of white collar, petit-bourgeois intermediary class with its emphases direct management techniques and closely-held ownership with the grandiose, world-spanning designs of an industrial titan. There’s really no contradiction within Peter Thiel’s politics, they are quite consistent: he’s just realized, more clearly than his opponents often, that there’s ultimately a contradiction between the rule of capital and democracy, and the way to deal with this contradiction, as far as he’s concerned, is to do away with democracy.
