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Peter Thiel: Capitalism Isn’t Working for Young People

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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. Sean Fischer is Bari Weiss's Chief of Staff. He was previously a fellow at the Hertog Foundation and is a recent graduate of Brown University, where he studied religion and founded a civil discourse organization.

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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