Socialism

Nobody is redefining central planning as a decentralized capitalist system. You're just utterly clueless regarding how the system in China actually works and you keep making a clown of yourself here.

My dude, did you even read the Peter Theil article you linked? His entire speil is in no way congruent with your point. He’s basically just saying the rent seeking from a gaining a monopoly can make high risk investments worth it. His argument is still grounded in market logic.

Thiel clearly rejects the idea that markets are efficient, and he explains that capitalists actually want to have centrally planned monopolies.

He leaves out the people who started high risk companies they thought would be monopolies but turned out to be undesireable.

😂

And I don’t even agree with his point, neither Google nor Amazon needed massive capital to hit the market, they needed massive amounts of capital to operate at a loss to squash their early competition to create a monopoly; something that can only be done by the horrible market distortions of a governmnet or rampant late-stage capitalist billionaires with equivalent piles of money.

Welcome to how "free markets" work in the real world.

Edit: I would also point out Theil is a believer in autocracy, known widely for literally owning a company whose product is disinformation, and is shilling to prevent the breakup of his monopolies. I wouldn’t trust him under any circumstances.

I would also point out that anybody who thinks that other oligarchs think differently from Thiel is naive beyond belief.