Tech billionaire Peter Thiel warns against socialism, plans to endorse Trump in 2020

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In a new episode of “Uncommon Knowledge,” available now on Fox Nation, billionaire Silicon Valley investor and PayPal co-founder Peter Thiel sat down with author Peter Robinson to discuss everything from his disdain for politics and the 2020 election, to his thoughts on education and its role in society today.

Commenting on a recent essay he authored in which he referred to politics as a divisive “field of battle,” Thiel reiterated his message, calling the political process “deeply adversarial.”

“I would like us to be honest about how terrible politics is,” he said. “As someone who is generally libertarian, I would like to live in a world that is less conflict, less politics.”

“I think we must always resist this naive form of politics,” Thiel continued, “that politics is just this mechanistic process where we take a poll and we get to some syrupy answer that everyone can agree with…that’s not what politics is about at all,” he said.

“I think the president will get reelected…but the socialists are not to be underestimated,” said Thiel, expressing concern over low-interest rates that could potentially lead to a “redistribution of capital.”

“It doesn’t mean that zero percent interest rates lead directly to socialism, but I find the rates alarming as low as they are,” he said. – READ MORE

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