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Fortune

Jason Ma

Billionaire Peter Thiel warns if you 'proletarianize the young people,' don't be surprised they end up communist

Peter Thiel New York

(Credit: Kiyoshi Ota—Bloomberg via Getty Images)

PayPal cofounder and Silicon Valley venture capitalist Peter Thiel doubled down on his worries about generational conflict and the future of capitalism after a similar warning he issued in 2020 proved eerily prescient.

After Tuesday night’s election victory of democratic socialist Zoran Mamdani as New York City’s mayor, an email Thiel sent five years ago went viral.

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