Technology and capitalism are very much linked. I think that capitalism probably works best in a technologically progressing society.
Peter ThielCustomers wonโt care about any particular technology unless it solves a particular problem in a superior way. And if you canโt monopolize a unique solution for a small market, youโll be stuck with vicious competition.
Peter ThielPeople working on bigger ideas on a more protracted timeline will be more on the stealth side. They arenโt releasing new PR announcements every day. The bigger the secret and the likelier it is that you alone have it, the more time you have to execute. There may be far more people going after hard secrets than we think.
Peter ThielSince 1920, the vast increase in welfare beneficiaries and the extension of the franchise to women - two constituencies that are notoriously tough for libertarians - have rendered the notion of "capitalist democracy" into an oxymoron.
Peter Thiel