Live data from Hacker News

Peter Thiel to step down from Meta’s board

nytimes.com

251–260 of 276 posts

Re: Peter Thiel to step down from Meta’s board

#251

Earlier quoted context omitted.

Even if building your wealth didn't take it from somebody else, it still hadn't improved society.

True. Tabacco companies exist. But generally for someone to hand over money it strictly has to improve their life in a disproportionate way.

Two of the largest companies in the world are advertising companies. I don’t see such a strong correlation between improving the world and making money. To me, tobacco companies aren’t the exception.

Re: Peter Thiel to step down from Meta’s board

#253

Earlier quoted context omitted.

https://www.cato-unbound.org/2009/04/13/peter-thiel/educatio... It is rather obvious that he thinks women shouldn't vote given he blames them, in part, for the decline of "capitalist democracy". I could have also mentioned his work to make sure the general public has much less privacy while fighting with lots of money to make sure his privacy is respected. I have little use for those who wish to have separate rules f…

It isn't at all obvious you know what Thiel thinks, but it is obvious you don't like him. You can't go around making up quotes based on what you imagine people you don't like think. He didn't say what you claimed, why not just edit your post and retract it. By not doing backing down it makes it look like you knew it was untrue, but just wanted to take the cheap shot.

I have read a great many things he has written actually. Thiel is a big believer that people like him should be able to make most / all the decision in government because he is so successful and that most who think differently then him are just flat out wrong.

He uses his money to support people who would make marriage be hetrosexual only because he has enough money to work around the issues bothers me. His doesn't think those who aren't as rich as he is are worthy of having all the rights and privileges he has.

Re: Peter Thiel to step down from Meta’s board

#255

Earlier quoted context omitted.

True. Tabacco companies exist. But generally for someone to hand over money it strictly has to improve their life in a disproportionate way.

Two of the largest companies in the world are advertising companies. I don’t see such a strong correlation between improving the world and making money. To me, tobacco companies aren’t the exception.

There is vast value add in good advertising. You’re essentially matching products and consumers. Without ads, it would be very much harder for consumers to find the same quality and variety of products.

I, for one, have made many purchases from ads that I’m very happy with. Some were even life-changing. I would not have known that I wanted these things without the ad, and I’m better off now than before.

Re: Peter Thiel to step down from Meta’s board

#257
post #96

Earlier quoted context omitted.

"number go up", they are obsessed with a high score and having more than others playing the same game. It would be sad if it were just that, but the fallout effects so many. I like the idea someone had that beyond a certain point you get a big party to say you won capitalism then the rest of the money you earn goes back into society.

It is a worthy feature of the system that the winners get to direct the resources. Musk used his winnings to found SpaceX and Tesla and other moonshot companies. The alternative is to redistribute everything to people who have proven only that they mismanage resources.

The two companies you named exist and are profitable entirely because Musk was able to drive government spending in his direction (launch contracts and subsidies, respectively).

Re: Peter Thiel to step down from Meta’s board

#258

Thiel recently hired former Austrian chancellor Sebastian Kurz, who resigned from that position after a bunch of corruption scandals came to light. That should make it quite clear what direction he wants to take.

The nature of the scandal is interesting is well. His governing coalition partner (head of a far-right party, unsurprisingly named "Freedom Party") was videotaped in conversation with an intermediary of a Russian oligarch. In that video, the intermediary offered to acquire an Austrian newspaper and change their editorial tone to pro-FP. In return, the party head would offer the Russian's company Austrian state contracts.

https://www.nytimes.com/2021/10/09/world/europe/austrian-cha...

Re: Peter Thiel to step down from Meta’s board

#259
post #258

Thiel recently hired former Austrian chancellor Sebastian Kurz, who resigned from that position after a bunch of corruption scandals came to light. That should make it quite clear what direction he wants to take.

The nature of the scandal is interesting is well. His governing coalition partner (head of a far-right party, unsurprisingly named "Freedom Party") was videotaped in conversation with an intermediary of a Russian oligarch. In that video, the intermediary offered to acquire an Austrian newspaper and change their editorial tone to pro-FP. In return, the party head would offer the Russian's company Austrian state contra…

There was a whole other Newspaper/TV polling fraud scandal since that one, this time relating to Fellner's 'Österreich' / 'OE24', as well as several other scandals (search for "Pflegemilliarde", "Hure der Reichen", etc). There was so much that even a few months later it's easy to forget half of it.

Unfortunately the ÖVP knew of all the warrants on their offices ahead of time, so devices were wiped and documents shredded. Most of the recent scandals came from the files from a single Apple Time Capsule that someone forgot to get rid of. As fascinating as that is, I'm sure there's a bunch of additional corruption and fraud that we will never know about.

Re: Peter Thiel to step down from Meta’s board

#260
post #187

Earlier quoted context omitted.

"High-level corruption as a service" is likely to be his main value proposition, basically. That's the takeaway to get from his partnering with Kurz.

> "High-level corruption as a service" is likely to be his main value proposition, basically. He could have gotten that from almost anybody in Washington or Wall Street...

Ah, but there's a certain cachet that comes from partnering with major figures who've been caught with their hands as explicitly in the cookie jar as were Kurz's. And on camera, no less.
Post reply on HN