Top 113 Quotes by Peter Thiel

Americans mythologize competition and credit it with saving us from socialist bread lines. Actually, capitalism and competition are opposites. Capitalism is premised on the accumulation of capital, but under perfect competition, all profits get competed away.

Technologies like PayPal foster competition because they enable people to shift their funds from one jurisdiction to another, and I think that ultimately will lead to a world in which there's less government power and therefore more individual control.

There have been a lot of critiques of the finance industry's having possibly foisted subprime mortgages on unknowing buyers, and a lot of those kinds of arguments are even more powerful when used against college administrators who are probably in some ways engaged in equally misleading advertising.