Peter Thiel: Capitalism Isn’t Working for Young People
Peter Thiel speaks at the New York Times DealBook conference in New York City on November 1, 2018. (Stephanie Keith via Getty Images)
In a now-viral 2020 email, the Silicon Valley billionaire predicted the rise of socialism. Today he tells The Free Press how he knew.
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Five years ago, young people’s interest in socialism was often written off as stemming from entitlement, or from a lack of knowledge as to what “socialism” really was. The rise of politicians like Congresswoman Alexandria Ocasio-Cortez, and millennials’ support for candidates like Senator Bernie Sanders, was largely shrugged off.
But not by Peter Thiel.
Thiel, the billionaire venture capitalist behind PayPal and Palantir, is many things: a center of gravity in Silicon Valley, a boogeyman of the left, a vanguard of the counter-elite, and an early backer of Vice President J.D. Vance.
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