Peter Thiel: We are in a Higher Education Bubble
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- เผยแพร่เมื่อ 1 ก.ค. 2015
- Our signature event, the Afternoon of Conversation hosts an audience of more than 2,000 in the Benedict Music Tent. Big thinkers and doers engage in serious ideas about their work and the future.
Keep in mind, that it's actually not the *education* that's the problem. We live in a world where education can become free: podcasts, university seminars, online lectures, etc. It's that *certification* is becoming overpriced. Employers aren't hiring you because of what you learned at Yale, it's because you have a certification from Yale. The best way to fight the bubble is to self-educate as much as possible; it makes acquiring the certificate cheaper. As well, as an employer, you can administer your own testing and then offer a steep discount on wages. The Yale grad won't be able to afford to work for you, but the self-taught guy will be able to.
Well, it's not just the lack of certification. Employers don't really care about certification except from the most prestigious institutions. They don't care what you know, more they care about who said you know something.
Self-education has never been cheaper.
Q Jones
Yale students without a doubt have been trained to think in ways that those that were to normal schools are not trained so the employer is buying a mindset that he may need in his workforce I think of ivy league schools students as software's that some companies buy .
Also ivy league education open doors that normal schools don't. The true most people are not gonna be genious and those that are gonna be genious would be without or with a ivy league education.
+K 13 The internet can do it better. End of story. Sad but true. RIP university.
K 13 : Universities like Yale are the anecdotal exceptions with their value add of entry into and bonding among elites. They will retain elevated value because of this. But the lower tiers of "higher education" are ripe for disruption of what I have for years called a credentialing cartel that is failing to deliver for many a value add commensurate with the prices charged to students and society.
The Internet still does not educate people nearly as well as universities do.
"They promised us flying cars and all we got is 140 characters." Perfect.
1950 - "In the future we'll have flying cars."
2020 - "This syrup is racist!"
we have flying cars , they're called airplanes .
@@ahmedsajeed1240 more like flying buses
Ever have a normal car blow a hole in the engine and stop in the middle of the road? I have. Wouldn't want that to happen to someone over my house. If you want to fly go buy a helicopter or an airplane. They're pretty expensive but it's for good reason.
@@Gorboduc I have campus
He is so spot on the topic of technology. Internet, social media, mobile phones is not where the technology ends.
No, he is always saying that technology is not only bits, but many people think that.
@@Wasgehtdichdasan16 and Elon musk proving it
"What is wrong with our society when those of us who don't suffer from aspergers are talked out of our interesting , creative, and innovative ideas before they are even fully formed" - Damn right!
Absolutely right. Kind of outrages me
and what is with those who suffer from aspergers? Does he mean that autists don't give a fuck what others think?
i think he meant psychopathy or deep narcissism
"From the outside everyone wants to get in, but everyone on the inside wants to get out"
Socialism
Thiel In entrepreneurship: “you don’t start a company for its own sake, but because there is a large, specific problem that can not be solved in the existing structure when they become too political and stagnant.”
He's so spot on. Have you read Zero to One? He rips things to shreds.
th-cam.com/video/jditjJHc-9A/w-d-xo.html
@ 13:15
That and because everyone hates you and no one will hire you.
The value of the degree is also personal. My ignorance knew no bounds when I left high school. After graduating from a four year college, my interests, views, & values had expanded into areas I would have never imagined.
+Abba Okoro Yes. And lucky for me that state hadn't yet devolved into Obamacare
+GuyFrom ThatThing Yes, he completely overlooks that some people go to university because they have a burning curiosity and want to learn about the world from leading scientists. It doesn't seem possible for a business person to understand :(
I agree, I have seen many people go through this transition. However, uni isn't the only way to achieve this.
Peter Windridge he loves learning but is skeptical of higher education in the US. He actually did Stanford twice, BA and JD.
That's says more about your past ignorance than the value of education. There are many other ways in which your mind could have been opened for a much lower cost.
Awesome! Such great intellectual power....
I can understand why so many people hate him, because he speaks the utter truth that will shake some people's perception of the world around them
Peter is BRILLIANT, as ALWAYS !! Full power....
Love the Studio 54 comparison.
I have researched the education bubble for 4 years. College is too expensive for middle class and poor families. Don't get student loans.
Correct. Per Dave Ramsey people keep getting student loans by the millions. Stupid.
College Debt Slavery-on kindle
- "...College is too expensive for middle class and poor families. Don't get student loans..."
True statement.
There is, however and thankfully, a rising push-back led by lower to middle-class families that are smart enough to understand that for general employment...their kids will be fine going from H.S. to Community College (while working a job and saving money) and THEN finishing up at the cheapest 4-yr college/univ. available. In the end, HR at "Work-Here Inc" can't tell the difference between a 4-yr degree in Mathematics from University of Tennessee vs. Middle Tennessee State College.
The Trades are an additional venue as a 4 MILLION U.S. job shortage in Electricians, Welders, Steamfitters, etc. means that fresh out of H.S. a kid could enter Trade School (paid by a local company in exchange for cheap labor) and come out in a year or 2 to become a Journeyman, then a full Master within 5 years....while making ever increasing good wages and NO DEBT.
The world of I.T. is an even larger disruption where a High School kid can get multiple IT Certifications just through self-study and fairly inexpensive Cert Tests at a testing site. An 18 yr old could literally graduate from H.S. with 2 to 6 IT Certifications learned and taken over their Summer vacations and get a fast track IT job that will be paying them over $100K by the time they're 25....with NO DEBT to their name! No 4-yr degree even necessary!
To all High School students (and EVERYONE that is underemployed)....interested in an I.T. job: Some companies will also pay for IT testing/certification even for employees at the entry level "Helpdesk" positions that fall under their IT department umbrella. A person can actually get paid to get certified with the only stipulation being that they have to stay at that company for a certain number of months/years after the certification is gained. But the employee would also presumably be asking for raises at each point a new Cert is gained so they should be getting paid MORE to get MORE certifications. And is paying back $5 or $10K really that bad if the employee can jump to a new company and go from $20K per year to $40K or $60K or $80K per year at the next company after gaining 2 or 3 IT Certs?
To all the High School kids out there: Unless you want to be a brain surgeon or some other specific discipline, COLLEGE and DEBT is a SUCKERS GAME that will enslave you. Apply for every damn college scholarship you can and then go wherever you get the best deal. But also seriously consider the Trades or I.T. where you can skip college and make someone else pay for your education/training.
Trigger Warning: Higher taxes and Bernie Sanders NOT NEEDED. Do it YOURSELF....RIGHT NOW!
Love to the UK
@@Charles50Kal "Developing/Third world" education is dirt cheap. I did a Computer Science degree in Kenya for a total of 1400 USD in tuition fees over four years. Never took a loan since when you pass with 56-60 points(60 for boys and 56 for girls) in Secondary school, the government sponsors part of your University fees(I scored 79 so I got into University easily).
The only caveat is that the Universities are not that prestigious or well funded in terms of research, but all in all anyone who is self driven can still extract knowledge and have a great experience in College here..
Peter is an intellectual powerhouse.
What gets me down is not that you have to attend a top tier university for knowledge (you can gain knowledge from reading books, listening to podcasts, watching videos, etc.) but because all the top employers want people with degrees from those institutions. When you go to Harvard, you’re probably not gonna gain access to some arcane knowledge that a small fraction of humanity knows; you go for the brand. Because when you go out into the world, a lot of employers only want to look at the name of your school on your degree. Talent and genuine curiosity matter little; it’s all about brand recognition.
I'd mostly agree. Where I think a top tier does have value i.e. learn something that you wouldn't learn elsewhere is who you get to learn from in a top tier school. In a top tier school you learn from the experts int he field, which may be where you gain the knowledge that somebody in a low tier institution would not.
Also subjects that are pretty hard, like physics, math or medicine, its important to learn them systematically and that is much easier to do in a rigorous educational program with regular tests than just by yourself without supervision
A business can capitalize (literally) on employees with degrees from prestigious, name-brand institutions. “They have guys from HARVARD and YALE over there! I mean…” That’s what you hear in whispers of awe in elevators and at lunch meetings. This makes it more likely the company will be taken seriously by angel investors, banks, money people. Businesses don’t run on education so much as they run on money, so this effect works even if the Ivy League grad is a bit of a window-licker (and some are).
Most underrated guy of the century. This guy is a true genius. Im betting my money on Palantir. I have been from the start:)
mmm…how does your Palantir invest look?
@@lynzhu3343 I pulled out when it hit 30. Currently holding plug at 16 dollar a share. Will sell at 35
@@lingling21100 I like Peter Thiel but his track record is pretty bad in secondary market. Look at TLRY and his hedge fund, and the fact that he sold all Facebook shares at~20. But sometimes you need faith so good luck man.
@@lynzhu3343 thanks man.
70 hours a week, 6 years running.... convention really did a number on me.
how do you sustain, can you help, please?
"Twitter employees will have well paying jobs for decades to come".
I am a retired business programmer. I think that an intelligent high school graduate could take 2 years of junior college programming, a math class or two, accounting 1 and maybe 2... and be ready to work. No AA degree, either.
Even jobs like a basic secretary or receptionist require a college degree now, pretty much telling everyone else to get fucked
Be the change that you wish to see in this world!
Very interesting interview. Thank you.
He repeats the second minute in a few other interviews WORD BY WORD... His kids (if any) must quite hate him :D
Hello Mr. Peter Thiel, I am very much admire of your pioneer and constructive spirit for the people in our society, and need your mind more than anything else. If your heart is truly noble as what you are saying, please let me have just 5 minutes of your precious time to hear my most daring business proposal concept to built and benefit many times much more than what you have heard from other entrepreneurs. I promise you will be more than glad. altc
The point at the end about contingency is powerful--what a person believes about the necessity of action and the relevance of his or her own choices matters. Also, why does Aspen Institute have a backdrop that looks like it came from a children's ballet recital?
Can someone explain the dig at the newyorker at around 14m?
Breaking conventions is getting conventional.
not necessarily, it could be getting forward!
Peter thiel es un capo!!!apoya a Latinoamérica!!! :-)
The goal of starting a business is to solve a problem that large corporations, government, and non-profits can’t solve or are creating themselves. The goal when running a company should be monopoly, ensuring that your business has grown sufficiently to ignore and fail to solve problems that other businesses can be created to solve.
17:48 "We're building a mobile platform for SaaS businesses to bring big data to the cloud..." wow. Run.
And this video is 7 years old, and the bubble is just getting bigger and thinner….
I agree with you John
I used to be a college administration official. I had three responsibilities: waste, fraud, and abuse. We charged $50000 per year for indoctrination camp known as college. Learn to start thinking like the herd and you'll be asleep before you know it.
Don't go to college. Learn a trade or a useful skill. Or become a doctor or a nurse...those are the honest professions these days.
Unfortunately, No one can effectively short the education system. That bubble is gonna last for a long time.
Jiatao Wu You actually can. You just have to short the U.S. dollar.
@@AlexRodriguez-rh7sc That is like shorting the whole US economy.
Biplav Shrestha Correct. You can call me pessimistic but considering the record levels of student loan debt, the record levels of consumer credit card debt, the record levels of subprime auto loans, the automation of low skill jobs, the death of traditional retail jobs, and the forecasted coming recession, that might not be the worst idea in the world.
@@AlexRodriguez-rh7sc The safest way to short usd is to just buy gold.
Biplav Shrestha Yup. Good negative correlation.
Peter is an independent thinker
How many of you graduated?
something like "don't mess it up" :)
He gave the same exact speech at Stanford on another TH-cam vid
Thats how I feel about my life now.
While I agree with what he says about the bubble, Peter Theil is sat there with a JD... The fact that you know he is smart just by his credentials is enough for the education to be justified.
On one side there are some great critiques of higher education, at the same time it's people at those institutions who give us pictures of galaxies, black holes, and the breakthroughs in science behind all of our modern devices and comforts. Say what you will, universities are damned effective at pushing the envelope of tech & science.
Private companies are the most effective at pushing tech.Touch screens wherent invented by universities, where were computer science professors when a young law undergrad student called bill gates had to start Microsoft.Why didn't they think of that shit.
@Mpondo Mkhunyana private companies push tech, are you kidding? Lithium ion batteries come from university research. All materials used in electrical circuits, come from university research. Wireless transmission systems are calibrated using physical laws, which comes from academia. Etc. Basically science as we know it results from higher ed, companies then apply that science.
@@falcodarkzz if they push the envelope on battery science how come non of em thought of creating tesla.if they push the envelope how come non of them created spaceX.If they pushed compscie how come non of them thought of creating a company like Intel,or AMD?
@@falcodarkzz they tell u all that BS about being leaders in fields like battery tech so that they can get that dollar out of your pockets.
Companies push tech cause the are the only ones with good incentives to do so.
@@mpondomkhunyana5612 Do you have any idea how scientific research works? Do you know how materials are studied, and where? You realise a huge number of employees at Tesla, Apple, AMD and nVidia are phds?.....
Yeah, you're not paying for the knowledge, you're paying for the credentials. Most of those credentials are to get a government job and become a tier one citizen. If you don't get a degree you get treated as a second class citizen for not buying into the liberal idea. STEM degrees are all that should be publicly funded or degrees that you actually need in your state. The states should lend out to the students if they believe in the product so much. The federal government should get out of the game of saddling every student with student loan debt.
I like it. Maybe we should open up STEM universities to help set apart traditional college from the technological fields.
Huh? A government job? What the heck are you talking about.
Adam D housing market started to bubble when people buyed houses not to live in, but sell after price rising.
When people buy something only for reason, someone else pricing it more than you buyed - wait for crash.
"Species reactance." You can't do that no one else has done it. I called the radio station to inform them Canada needed innovation to get ahead. "Reactance" Not found in the dictionary. New word for now.
That brain is going 100 mph
Concerning second mover advantages it could be more intelligent to go from 1 to 2, like Steve Jobs who analyzed the existing MP3-Players and its mistakes. This resulted in the creation of the iPod. Same with Yahoo (first mover) and Google (second mover).
You don't really understand the zero to one book :-).. the Google bet was to build a nuclear power plant for a small village for 50 mio. - the internet 20'000 - 30'000 Webpages in the World. The Google secret (the "zero to one", no data to prove that, ) was that the number of webpages will explode exponentially!! So the world needs a search algorithm and not some indians in a IT-help center tagging all day long.. Steve J. had his secret too ;- ) Mark Z. also ;-)
+Yann S tThank you for explaining, I think I understand the key message now. I'm from Germany and we should have much more companies thinking from 'zero to one'!!!!!!
Hier my Blogpost is in German ;-)
medium.com/@Qimbera/wie-man-ein-start-up-unicorn-bildet-b78782bd6608#.hmxmxh4cx
+Yann S Danke 😊
Bitte ;-) Falls Du dazu kommst, den Blogpost zu lesen, dann würde ich mich auf ein Feedback freuen :)
big government has stifled real innovation...
I did under graduate work at Cornell and found myself taught by clones to be clones. I escaped and didn´t send my sons to any school. We are all successful artists. Very un-American.
George Marc
Thanks for posting. Do your best to help others escape, too, would you please?
Anywhere we can know more about how you managed to do that. A blog, website?
Creative people get lost or overlooked especially in grammar school. The idea people can't be taught their skill by a standardized test.
Education is a tough topic to solve. On the one hand, it's definitely true that undergrad programs are vastly overpriced for the knowledge you get. Most of the entry-level jobs in the workforce, even "high-skilled" ones, can easily be done by self-taught people. It's just easier for employers to trust that universities are doing their job rather than invest any training themselves. But on the other hand, the educational system as it is is important, especially graduate education I would argue. Most innovation is discovered by people with PhD's, not the self-taught, so I think we should preserve that system, but something needs to be fixed about the undergraduate level.
How about Disney and Marvel
Engagement
Only 1% growth - with great goverment stimuli, 0% interest rate, globalisation and tech development.
3:50 Did he says Aspergers or Ass burgers?
07:02 Tough crowd lol
Net banking(Tracking)= Safety for kids and special needs clients
Kids should learn about money at school.
Bank company should be involved into education system.
y k - Your second statement is very true, but your third statement is suspect.
Banks do NOT have anyone's best interest at heart...only their own.
The problem with education is the rise of diploma mills. My boss has a degree from the University of Pheonix and he makes more than me... lol. So you go to a high rated university and the person who went to an unaccredited university has the same job as you or gets to be the boss. So the traditional high stakes degree from a top-notch university has been seriously devalued. My front desk clerk at my job has a master's degree.. lol.. So the rise of diploma mills devalues traditional degrees because diploma mill degrees are now recognized just like as if it were from Berkley or Stanford.. lol Why go to Stanford and pay 100k for an MBA when you can pay a fraction of the cost and do less work and get the same job as the person who got an MBA from Stanford? The outcome is the same. That's the question people will be asking eventually. In the end, the American education system has failed and people are learning more from technical courses online. A degree today is just for the sake of having a degree.
blake masters what did he do after taking notes did he start a company
OOOO shit it gone happen
4:17 he gave up
Peter Gregory
Peter Thiel has higher education envy. ;-)
Higher education is massively effective but like every institution has room for improvement. But it's not a bubble, it's just an imperfect system whereby demand outstrips supply, and therefore prices increase.
Education system is shit dude. It's zero sum game.
You totally missed the mark
I feel like people are pushing education on their kids because in the 1940s and 1950s people who went to college were able to advance their careers a ton and made good wealth. so they spared no expense for their kids. but today there are way more people so colleges are at capacity, and with everyone going to college it devalues its value. FYI college education used to be a pursuit of the idle rich in the 1800s.
What does Peter know to be true that most people believe isn't?
Nothing. He just has a taller soap box. ;-)
odd to address "general societal improvement" and "intensive progress" while sipping on a plastic water bottle
what's up with the interviewer... "give the argument" "explain your thought" "tell that story"...
Vampire Chats
Capitalism (greed) has ruined higher education .....”I want it now! I deserve it! I want what you’ve got!” .....personally I blame the parents 😏
Very prescient! Well, except for the "people at Twitter will have well paid jobs for decades to come" at 10:20 haha!
6:20 how to get linched in college
yeet
Host is older version of jeff bezos.
Great contrarian investor... People will keep on piling into college degrees as long as the unlimited government credit taps are open.
Massive misallocation of human capital learning skills that aren't worth anything as reflected in the massive college graduate underemployment and exploding student debt while many trades are paying upwards of $70-$100K double what the average bachelor holder makes today.
Debt isn't necessarily bad but when debts in a specific investment class and I would categorize a college degree as an investment class because if learning is what you really wanted to do you could do it for free on the internet. This massive explosion of student debt is screaming loudly that we are seeing massive misallocation of credit and capital in that market.
Why liberals don't have enough of a brain to see this is beyond me. What should you take from all of this? Do opposite of what the herd does, if it is piling into stocks dump stocks, if it is piling into real estate dump real estate, if it is piling into college degrees go into trades, if it is piling into trades go get a college degree, etc... Herd mentality is always creating a bubble in one sector but also creating a supply shortage in another, go where the supply shortage is scarcity is leverage.
That is economics 101: The market is always trying to adjust supply/demand mismatches in todays case its massively devaluing most college degrees in non-STEM fields while also increasing pay in trades massively as well as in STEM fields to try to correct the massive skills gap and supply shortage in the marketplace in those sectors.
The government meanwhile is pumping as much debt into education as it possibly can to prevent market forces from correcting this issue and crashing the higher education systems prices through unlimited government backed credit.
3 years in and it still reads like it could be today. Nothing changed except maybe the debt getting bigger and bigger.
What I find important to stress:
"pumping as much debt into education" is certainly not a good thing but if you look at many other countries where there is no government-backed student loans, you will still find a strong trend towards more and more degrees, students learning stuff for 5 and more years to then just find them mismatched on the labor market.
So that measure "pumping as much debt into education" does not seem to be the main driver of this unhealthy trend of more and more students getting degrees which end up being a huge waste of time and waste of their potential.
It seems to be way more a point of insurance, exclusivity and a lack of thinking about better options.
He views education as a signaling tool, not a tool for actually improving human capital. Now, what's our reason to believe he's right?
***** well elite universities to a greater extent. Normal universities to a lesser extent.
Wow, new yorker must be bad if the Atlantic is making fun of it
I think peter Thiel is a bubble he hasn't done anything other than PayPal which he pushed to exit too early in my opinion if not look a the the numbers.
This man speaks little of sustainability. Greed is sustainability. It is corrosive!
This man's speaks little of sustainability. Greed is not sustainable. It is corrosive!
Too many PHD's. When you need real help, you call a hands on skilled worker, not a PHD.
I don’t see what the point of this comment is. There are PhDs who do very useful things. And some that do useless things. Same story applies to the skilled workers you talk about.
@@timson7970 we are saturated with PHD's - it used to be a distinction
Stanley Cates no, PhDs from top places in useful fields are still the best by far. A PhD in CS/Math/Physics from MIT/Stanford/Berkeley means you can pretty much solve any problem thrown at you. If you’re getting a PhD in Gender Studies, Health Studies, or Biology from Oshkosh universities (which many people who get PhDs do since they go for a PhD since they couldn’t get a job out of undergrad) then it is useless. You are right in that there is an over saturation of PhDs (and degrees in general) but not all PhDs and degrees are created equal.
It depends upon person who's providing the value to the world. You can't compare them lol. Take an example of einstein but he despised education system tho because he was passionate about what he was doing and he didn't like education system.
@@vimalcurio exceptional genius. Today, communist indoctrination is the greatest danger in education in the USA. Brainwashed degrees without historical understanding.
When you think of big data, the word fraud comes to mind. Meanwhile he co-founded Palantir, a publicly traded big data analytics company. Do as he says not as he does.
I like him but I wish they would stop pretending all these entrepreneurs somehow "made it big" by themselves, they all come from rich families with influences
Classic guy who makes a lot of money from one business venture and thinks he has answers to everything. PayPal was not particularly innovative or groundbreaking, it's a digital payment processing business.
I upvoted your other comment but to say Paypal, a 230 billion dollar company wasn't innovative is a bit odd for thing to say for someone who's biggest achievement was a youtube video with 7 views :p
@@Alusky yeah agree with you he's an ignorant arrogant guy
The best parts of the internet and digital technology replace basic physical services that are clunky or lossy. The 'groundbreaking' ventures like the metaverse, or whatever, are going to prove to be nonsense.
Not having to drive to the bank to pay a bill, and instead doing it on your phone in a second, is a genuine improvement. It has very little risk of going wrong, unlike say TH-cam, which can waste hours of your time. Pure upside, pure improvement over a bad, time-wasting old physical process.
Searchable pdfs of old books that would otherwise be lost in the depths of the library? Also excellent. But neither of these have an aura of the future, so people undervalue them.
PayPal had a lot of problems to solve, and they solved them pretty well. They brought captcha into the mainstream, they developed other security measures that have since been rendered unnecessary but were crucial at the time for fleshing out online marketplaces (also probably a net benefit, and again, stone-aged: putting a bazaar online). If PayPal seems like nothing, then it's working - if you used a rival service and your finances were compromised, PayPal would suddenly seem a lot more essential. Imagine the lack of good options an eBay seller had back in the 90s, before PayPal. It was a big deal at the time, now we take it for granted.
But way more important: 'groundbreaking' and 'innovative' in the digital realm is mostly just giving us more shit we don't need at faster and faster speeds.
Fiat education
Love Peter. This interviewer is unbearable though. Gah.
free gab.ai end democrat fascism by financial institutions and dont let sneeky democrat fascism stop guns or free speech using financial stavation or denying use of financial platforms!! nazi bastards!! end usury!! end the ad money accounting scam of silicon valley!!
Go ahead and try, I dare you! Try and explain to people that the 1930s were actually far superior innovatively than the twenty teens currently are.
He gave the answer to his question “what is something true most people disagree with?
1930s!
Way easier to innovate in the past, just as it was far easier to create good original content in the past than it is now.
Wonder how he feels about PayPal de-platforming people for their political views, speech, etc.? Disagree with us; we'll put you out of business. Perfect liberal/progressive policy.
Actually, that's capitalism: PayPal's table, your legs. If they don't want them there, then they don't want them there. ;-)
He's a mess. High achievers are unresolved. It's the fuel that drives them. "Everyone should feel free to openly be themselves" says the closeted gay man who brought down an internet rag because they outed him.
Also, notice how obliquely he has to carve his line. He wants to say "intellectual autonomy good" but this pulls against intellectual solidarity. Intellectual autonomy IS valuable and it is worth the resentment or negative sanction one receives for grasping one's authority with both hands and refusing to say the words that bind the group. But the flip side is that if you all don't pretend to value the same thing, then the achiever can't really get the approval they need. Hard to compete when we're not running the same race. His contradictions are so transparent, it reminds me that sometimes people have self insight and sometimes they just don't. IQ and education do not matter, here. He is thumotic, and the thumotic are born thumotic. If you don't give thumotic people their own track - where they can compete with one another - they just start messing with other peoples' lives in a blind urge to dominate. They are invited to believe they are the "best and brightest". They are unhinged and threaten us if we don't invent milieus in which to provide them with accolades. Plato told us this a very long time ago.
Thiel backed Trump’s presidency, but didn’t get the result he liked and is now disillusioned with politics. Pretty naive for a ‘genius’.
7:02 Not funny; tired joke.
Not true. Fewer getting a huge paid for education. Most have to work 2 jobs out of high school. No way .. and its dumber, more political programming, forcing political opinions, agendas, smile nod get an A. Thiel is in his own wierd world. I hope he stays there.
And this guy supports Trump? wtf
You can be the 4000th high power person to back Clinton and maybe get invited to dinner once in four years, if she wins, about a 2/3 to 3/4 chance. or you can be the 5th person to back Trump and in the 1/4 to 1/3 chance he wins become one of the most powerful people in Washington. Theil is a chess player and from every angle this seems like a high pay-off move. Combine that with his desire to disrupt the post-war social order and introduce competition to the governance market, and this becomes a no brainer. For the price of a little embarrassment and less money than he would have to donate to Clinton he gets to strike a blow for his pet cause and win 1/4 chance at great power. You might not agree with him but he's quite the chess player.
Or, more likely, he agrees with Trump's view of the world and policy ideas.
@MikeHunt mostly who is not a communist or cultural marxist will vote for Trump
Republicans and Libertarians enjoy inflecting pain. You can see that characteristic in this Theil guy's face. Need to check out how Thiel treated any pets he had as a kid . That should indicate just how screwed up he might be.
You're a crazy person.
His eyes are nuts. Feels like the guys is just crazy. Very uncomfortable.
So intense, and completely unnecessary. Everything can be done calmly and slowly and if it can't, then you are simply too late and it's beyond your capacity
ok daniel i'll listen to you rather than the billionaire
its a thought process. People are straight up sheep and anyone not like them are considered odd