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Peter Thiel: Capitalism Isn't Working for Young People(thefp.com)
15 points by ctoth a day ago | 16 comments
  • jtf2315 hours ago

    >Here, then, is the issue. The gospel of Christ says that progress comes from every individual merging his individuality in sympathy with his neighbors. On the other side, the conviction of the nineteenth century is that progress takes place by virtue of every individual's striving for himself with all his might and trampling his neighbor under foot whenever he gets a chance to do so. This may accurately be called the Gospel of Greed.

    --Charles Sanders Peirce

  • ceejayoza day ago

    https://knowyourmeme.com/memes/were-all-trying-to-find-the-g...

  • Marshferma day ago

    Patriarchy using mythological thought causality isn’t working for all people.

  • giorgioz2 hours ago

    Peter Thiel is backing up Vice-President J.D. Vance which if elected will make Trump look like a reasonable democratic guy.

    https://theconversation.com/friday-essay-libertarian-tech-ti...

    I see Peter Thiel destroying the current democratic and capitalistic system to offer freedom which will turn out to be actually a big dictatorship.

    J.D. Vance and all his religious rightneouss would turn The Handmaid's Tale religious dictatorship dystopia into a nightmare turned reality.

  • tekbruh900021 hours ago

    How Thiel knew is he has had access scholars and others saying this for years. He's seen the social media posts cheering on Luigi.

    Rather than agree years ago, he rolled with capitalism. Now he's trying to fix his image.

    Mamdani win. Boomers politicians that protect him retiring from politics, glitching out on TV, or dying in power. GenX being skipped over for leadership as they're all stuck in the 90s. He's got to ingratiate himself on a youthful majority taking over or end up dangling from the gallows.

    He's not prescient. He's an opportunist.

    • UncleMeat25 minutes ago |parent

      He isn't trying to fix his image. He is trying to leverage dissatisfaction towards an authoritarian revolution where he and his rich asshole friends can consolidate total power over society and he can crush the people that he hates.

      He is doing "liberal capitalism is bad, fascism is better."

  • rekabisa day ago

    [flagged]

    • greekrich9220 hours ago |parent

      [flagged]

  • zerosizedweaslea day ago

    Yeah it's fair. AI bubble has created a frozen economy and sucked out all the capital. I don't feel connected or invested. I would vote to burn it all down, vote in the craziest person you can. Wreck this place. If they won't let you rise higher, drag them down so they can get a taste of the dirt.

    • blowsanda day ago |parent

      Yikes.

      • infamouscow19 hours ago |parent

        If we were living a hundred years earlier, a lot of people would be hanging from lamp posts.

        The only things preventing this from happening today is knowing the FBI can do their job fairly well. Reasonable people don't want to sit in cage for doing what must be done.

      • zerosizedweaslea day ago |parent

        You know it's true though. It's not like there are opportunities and people aren't taking them. The economy is ice because the only things getting significant capital are data centers. Data centers don't employ and create careers for a lot of people. AI is killing off entry level positions.

        • toomuchtodoa day ago |parent

          It's not AI, it is the illusion of AI while companies keep doing wave after wave of layoffs and offshore to maintain stock performance. Organizing, unionizing, and having more power against management and companies is the only way to prevent this legally. The beatings will continue till the stock performance improves.

          https://www.theregister.com/2025/10/01/ai_isnt_taking_people...

          > Yale researchers say that despite the anxiety about AI taking people's jobs, there's very little evidence of it actually happening. Economists with Yale's Budget Lab, a non-partisan policy research group, took a look at how US employment has changed since the November 2022 debut of ChatGPT and the sequent release of other generative AI models. They saw nothing to be alarmed about. "Overall, our metrics indicate that the broader labor market has not experienced a discernible disruption since ChatGPT’s release 33 months ago, undercutting fears that AI automation is currently eroding the demand for cognitive labor across the economy," said Martha Gimbel, Molly Kinder, Joshua Kendall, and Maddie Lee in a report summary.

          Report: https://budgetlab.yale.edu/research/evaluating-impact-ai-lab...

          https://www.remotelabor.ai/

          > While AI systems have saturated many existing benchmarks, we find that state-of-the-art AI agents perform near the floor on RLI. The best-performing model achieves an automation rate of only 2.5%. This demonstrates that contemporary AI systems fail to complete the vast majority of projects at a quality level that would be accepted as commissioned work.

          • toomuchtodo2 hours ago |parent

            Additional citation:

            Corporate America posts best earnings in 4 years despite tariffs - https://news.ycombinator.com/item?id=45859189 - November 2025

    • sys32768a day ago |parent

      Instead of wrecking it, can you just move to the place where capitalism isn't allowed?

    • cindyllm19 hours ago |parent

      [dead]