Younger generations are told that if they do the same things as the boomers did, things will work out well for them. But society has changed very drastically, and it doesn't work in quite the same way. Housing is way more expensive. It's much harder to get a house in a place like New York or Silicon Valley, or anywhere the economy is actually doing well and there are a lot of decent jobs. People assume everything still works, but objectively, it doesn't.
- Peter Thiel, "Capitalism Isn't Working for Young People" (The Free Press, 11/7/25)
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