Peter Thiel: belief

Transcript context

…[laughs] No, I just want to keep his time. A bit of a follow-up to the gentleman, too, before me. I understand you’ve spent a little bit of time in Miami. Coming down from the macro level to the street level, local governance. Almost like an economist-getting-lunch perspective, what is Miami doing well? And what does Miami need to improve upon? I’ve been here the last four winters, two, three months each winter here. Yes, there are a lot of things that I think are going incredibly well. I’m always into these Georgist real estate theories, where if you’re not very careful, all the value in a place gets captured by this corrupt real estate group of people. Henry George was a late 19th-century economist who was sort of socialist then, today seems sort of libertarian, which probably just tells something about how our society’s changed. The worry in Miami is, have we really escaped the Georgist disaster? That is San Francisco, that is New York, that is London, where even though there’s been a tremendous increase in GDP, it’s not good if 100 percent of it gets captured by slum lords or something like that. Last question.…

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