Peter Thiel (PayPal co-founder) has a solution to the global crisis

"The problem today with the world economy, according to Peter Thiel, is that we are not moving forward[.]"

"The problem seems to be regulations. "

"The biggest problem for the US and Europe is how to restart growth."

"The problem is that the current US government doesn't have a five-year plan as the socialist governments had - it has no plan whatsoever!"

"The biggest problem against restarting growth is the high energy prices."

99 Problems and Good Writing Ain't One.

Look, nothing he talked about created the financial situation we are in now. In fact, the lack of regulations on wall street is what did us in.

He credits technological progress in the 1930s for getting us out of the Great Depression and not government spending. I think Mr Thiel needs to go back school (the ones he has been crapping on for the past few years.)

Wow I'm shocked that that is Peter Thiel's solution.

Another example is the Golden Gate Bridge. It took 3.5 years to build the bridge in the 1930s. They are currently building an access highway on one of the tunnels that feeds into the bridge, and it will take at least 6 years to complete.

We also had a much murkier concept of human rights and workplace safety back then. You can't have it both ways. I would like to see someone push Peter Thiel to admit that building at that speed again would require rolling back many of the work rules we've put in place over the last century.

Debate about the merits of things like workplace safety, don't just throw your hands up and say "we don't build things as fast any more!" because that's somewhat of a disingenuous argument.

Is the closing line. If the economy collapses or we are run by a politburo there will still be inequality.