This is most often shared out of context to highlight Thiel's misogyny:
Since 1920, the vast increase in welfare beneficiaries and the extension of the franchise to women — two constituencies that are notoriously tough for libertarians — have rendered the notion of “capitalist democracy” into an oxymoron.
In Thiel's quantum fashion, it's pretty black-pilled and simultaneously optimistic:
I no longer believe that freedom and democracy are compatible.
In our time, the great task for libertarians is to find an escape from politics in all its forms
Because there are no truly free places left in our world, I suspect that the mode for escape must involve some sort of new and hitherto untried process that leads us to some undiscovered country; and for this reason I have focused my efforts on new technologies that may create a new space for freedom.
Anyway, it's a great read. I wish Thiel would write another book or something - all of his writing is strewn about.