Not sure what Thiel's arguments are, but I imagine they're along the lines of what I"ve seen other silicon valley folks talk about, which is that the nature of platform economics results in a winner-takes-all market scenario, and sometimes the winner just comes down to luck or connections. When people feel that effort and merit are not tied to reward, they get more upset at the system.
You can go an live somewhere there is little to no government if you want. Begone to Haiti. Or Mali. Enjoy. But you won't because you are not that insane or suicidal, are you?
No, you are an incessant hypocrit, complaining about government 'theft' but nevertheless clinging like a baby to the teat of safety, comfort, wealth and security that the state provides you.
Governments exist due to market demand - they provide services people want - humans are weak and vulnerable individually and need the legal, property ownership and security framework that governments provide.
Taxation compulsion is required for equity because there will always be selfish freeloading parasites who cling to the security and wealth the state enables, even seizing the assistance kindly dispensed in times of hardship, but who show no appreciation but only take take take. Pay your taxes or begone to prison you ungrateful bludger. If you dont like it go live somewhere there is little or no state. But you will not because you are a bleating strawman selfish parasitic hypocrit.
Chinese mixed mercantile economy is trouncing the wests decedent crony capitalist financialised imperialism. The West cannot make anything anymore. The future looks bright for young Chinese - not so bright for westerners. The west got mired in entitlement rights and demands for this and that paid for with debt. The West cannot make anything anymore. China just got on with building the most productive competitive economy. USA cannot fight any war of substance without rare earths supply. US military industrial complex is now beholden to ongoing goodwill from China. Get on your knees and beg Uncle Sam. The West cannot make anything anymore...except more debt.
I feel like Thiel did his best to make sure that Capitalism became crony capitalism, where laws entrenched the biggest players.
Competition is for losers, as he says
How it feels being the last honest to God neoliberal free-market capitalist while both the left and the right embrace socialism:
Study a history book and see
Got a non paywall version?
Not sure what Thiel's arguments are, but I imagine they're along the lines of what I"ve seen other silicon valley folks talk about, which is that the nature of platform economics results in a winner-takes-all market scenario, and sometimes the winner just comes down to luck or connections. When people feel that effort and merit are not tied to reward, they get more upset at the system.
Archive usually works for TFP
Thiel specifically mentions the combination of high student debt and inability to buy a house has soured young adults on capitalism.
The fallacy is that socialism doesn't make things more 'affordable'.
Another fallacy is that student loan/college tuition is free market capitalism.
Socialism makes healthcare more affordable...in most of the developed world.
The US system is a complete mess riven with rentseeking profit motivated healthcare scammers.
deleted by author
You can go an live somewhere there is little to no government if you want.
Begone to Haiti. Or Mali. Enjoy.
But you won't because you are not that insane or suicidal, are you?
No, you are an incessant hypocrit, complaining about government 'theft' but nevertheless clinging like a baby to the teat of safety, comfort, wealth and security that the state provides you.
Governments exist due to market demand - they provide services people want - humans are weak and vulnerable individually and need the legal, property ownership and security framework that governments provide.
deleted by author
Taxation compulsion is required for equity because there will always be selfish freeloading parasites who cling to the security and wealth the state enables, even seizing the assistance kindly dispensed in times of hardship, but who show no appreciation but only take take take.
Pay your taxes or begone to prison you ungrateful bludger.
If you dont like it go live somewhere there is little or no state. But you will not because you are a bleating strawman selfish parasitic hypocrit.
deleted by author
Chinese mixed mercantile economy is trouncing the wests decedent crony capitalist financialised imperialism.
The West cannot make anything anymore.
The future looks bright for young Chinese - not so bright for westerners.
The west got mired in entitlement rights and demands for this and that paid for with debt.
The West cannot make anything anymore.
China just got on with building the most productive competitive economy.
USA cannot fight any war of substance without rare earths supply.
US military industrial complex is now beholden to ongoing goodwill from China.
Get on your knees and beg Uncle Sam.
The West cannot make anything anymore...except more debt.