Do you really think Peter Thiel is so poorly read that he doesn't understand the difference between socialism and communism?

I actually think pointing this out is a tell of how unread a person is on the subject actually. I can't even count how many times I have read this statement online in my life.

In everyday use though outside a Marxist philosophy circle, socialism is used as a blanket term for collectivism of all sorts and communism is the pejorative word for the same thing.