Peter Thiel: Capitalism Isn't Working for Young People

(thefp.com)

14 points | by ctoth 13 hours ago ago

13 comments

  • jtf23 3 hours ago 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

  • ceejayoz 12 hours ago ago
  • Marshferm 12 hours ago ago

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

  • tekbruh9000 9 hours ago 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.

  • rekabis 12 hours ago ago

    [flagged]

  • zerosizedweasle 13 hours ago 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.

    • blowsand 12 hours ago ago

      Yikes.

      • infamouscow 7 hours ago ago

        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.

      • zerosizedweasle 12 hours ago ago

        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.

        • toomuchtodo 12 hours ago ago

          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.

    • sys32768 12 hours ago ago

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

    • cindyllm 7 hours ago ago

      [dead]