Peter Thiel: Capitalism Isn’t Working for Young People

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.Continue Reading The Free PressTo support our journalism, and unlock all of our investigative stories and provocative commentary about the world as it actually is, subscribe below.Annual$8.33/monthBilled as $100 yearlyMonthly$10/monthBilled as $10 monthlyAlready have an account?Sign In