Economics Quotes by Peter Thiel

8 Economics quotes by Peter Thiel

Peter Thiel provides eight short observations on economics, each colored by his distinctive, contrarian mindset. This brief set gives a quick sense of his unconventional approach to markets.

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Our economy is broken. I'm not a politician, but neither is Donald Trump. He is a builder, and it's time to rebuild…

Peter Thiel

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“Only one thing can allow a business to transcend the daily brute struggle for survival: monopoly profits.”

Peter Thiel

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“competition and capitalism are opposites.”

Peter Thiel

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“Americans mythologize competition and credit it with saving us from socialist bread lines. Actually, capitalism and competition are opposites. Capitalism is premised…

Peter Thiel

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It is sort of a bit of a caricature of capitalism, that it's always this zero-sum game where you have winners and…

Peter Thiel

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Technology and capitalism are very much linked. I think that capitalism probably works best in a technologically progressing society.

Peter Thiel

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“when I arrived at Stanford in 1985, economics, not computer science, was the most popular major. To most people on campus, the…

Peter Thiel

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“The shift to a service economy was protracted and painful.”

Peter Thiel

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People don't want to believe that technology is broken. Pharmaceuticals, robotics, artificial intelligence, nanotechnology - all these areas where the progress has been a…

Peter Thiel

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If you think about basic science or coming up with new theories of mathematics, these are not the kinds of things which are necessarily…

Peter Thiel

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I think we have a bubble in the US in government bonds, because of the quantitative easing and the negative real interest rates, and…

Peter Thiel

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“Time and decision-making themselves follow a power law, and some moments matter far more than others”

Peter Thiel

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“Today, we exaggerate the differences between left-liberal egalitarianism and libertarian individualism because almost everyone shares their common indefinite attitude. In philosophy, politics, and business,…

Peter Thiel

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When you already have $150 billion a year in revenues from the iPhone, it's very hard to come up with any new vertical that…

Peter Thiel

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“CREATIVE MONOPOLY means new products that benefit everybody and sustainable profits for the creator. Competition means no profits for anybody, no meaningful differentiation, and…

Peter Thiel

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“we have given up our sense of wonder at secrets left to be discovered.”

Peter Thiel

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“Today our society is permeated by the twin ideas that death is both inevitable and random.”

Peter Thiel

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“if your company can be summed up by its opposition to already existing firms, it can’t be completely new and it’s probably not going…

Peter Thiel

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“Is a lukewarm attitude to one’s work a sign of mental health? Is a merely professional attitude the only sane approach?”

Peter Thiel

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“If you’ve invented something new but you haven’t invented an effective way to sell it, you have a bad business—no matter how good the…

Peter Thiel

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The business model piece is we're always talking about competing more effectively. If you're starting a company or career you don't want to compete.…

Peter Thiel

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If you invest in Microsoft or Oracle, or a number of other companies for that matter, you're fundamentally making a bet that there's going…

Peter Thiel

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Our economy is broken. I'm not a politician, but neither is Donald Trump. He is a builder, and it's time to rebuild America.

Peter Thiel

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