Peter Thiel Discusses Apple Inc., Google Inc Monopolies

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Peter Thiel

Entrepreneur and venture capitalist Peter Thiel isn’t afraid of ruffling feathers, and in the media buildup for his book Zero to One: Notes on Startups, or how to Build the Future, he said that he’s in favor of monopolies because they are one of the best ways for companies (and investors) to turn a profit. “The single theme in my book that’s the most counter-conventional is that capitalism and competition are opposites. You want to accumulate capital, you don’t want to compete away all the profits,” says Thiel in an interview on Yahoo Finance. “The restaurant industry is extremely competitive,…

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