Google makes the laws now. Governments are mostly irrelevant.
Anyways, if the vision aspired by Thiel happens, those "libertarian" capitalists will be killed by revolts/uprisings in an instant. A world without tax nor regulation nor basic support for social equality never works. Just as explained in Capitalism in the 21st Century, if inequality is not addressed, there will be revolts and chaos. Extreme injustice can't dominate forever.