Peter Thiel on why Apple is a ‘good monopoly’

Silicon Valley entrepreneur and author of the new book, “Zero to One: Notes on Startups, or how to Build the Future,” Peter Thiel, says capitalism is the enemy of creativity, and creative monopolies aren’t just good for society, they are also a powerful way to make the world a better place.

I think there are good monopolies when they create something new for the world. Monopolies become bad when they act as rent collectors or tax collectors.

Peter Thiel

In an interview with Yahoo Finance’s Jeff Macke, Thiel offers Apple, Microsoft, Google, and Facebook as examples of companies that took the world from zero to 1 with fresh, innovative ideas. Now, despite rapid improvement in information technology, Thiel believes the world has entered a period of technological stagnation.

Business Thiel