Peter Thiel and Silicon Valley’s Pursuit of Power: Excerpt. Peter Thiel at Stanford.
Photo: Courtesy the author Sometime around the spring of 1988, several members of the Stanford University chess team traveled to a tournament in Monterey, California, in an old Volkswagen Rabbit. To get across the Santa Cruz Mountains, they took California’s Route 17, a four-lane highway that is regarded as one of the state’s most dangerous because of its tight curves, bad weather, and wild-animal crossings. An Abandoned McDonald's Restaurant Is Now Feeding 2,000 Families a Week – For Free.
Why the next stage of capitalism is coming - BBC Future. Neoliberalism: the deep story that lies beneath Donald Trump’s triumph. The events that led to Donald Trump’s election started in England in 1975.
At a meeting a few months after Margaret Thatcher became leader of the Conservative party, one of her colleagues, or so the story goes, was explaining what he saw as the core beliefs of conservatism. She snapped open her handbag, pulled out a dog-eared book, and slammed it on the table. “This is what we believe,” she said. Money vs Capital.
Are You Ready To Consider That Capitalism Is The Real Problem? This story reflects the views of this author, but not necessarily the editorial position of Fast Company. In February, college sophomore Trevor Hill stood up during a televised town hall meeting in New York and posed a simple question to Nancy Pelosi, the leader of the Democrats in the House of Representatives. He cited a study by Harvard University showing that 51% of Americans between the ages of 18 and 29 no longer support the system of capitalism, and asked whether the Democrats could embrace this fast-changing reality and stake out a clearer contrast to right-wing economics. Pelosi was visibly taken aback. “I thank you for your question,” she said, “but I’m sorry to say we’re capitalists, and that’s just the way it is.”
The footage went viral. Martin Wolf: why rentier capitalism is damaging liberal democracy. “While each of our individual companies serves its own corporate purpose, we share a fundamental commitment to all of our stakeholders.”
With this sentence, the US Business Roundtable, which represents the chief executives of 181 of the world’s largest companies, abandoned their longstanding view that “corporations exist principally to serve their shareholders”. This is certainly a moment. But what does — and should — that moment mean? Capitalism, Poverty, and Ratatouille. The American Dream.