Latest Issue

thielbinbZero to One: Notes on Startups, or How to Build the Future by Peter Thiel (Virgin Books, £16.99)

Peter Thiel, the founder of the online payment service PayPal and first outside investor in Facebook, thinks competition is overrated. In a perfectly competitive environment, no business makes a profit and hence all of them exit. Successful businesses have monopolies.

If you think that’s a broad and sweeping statement, then here’s another: people are either indefinite or definite thinkers. Indefinite thinkers start with the data, if you like, or the world as they find…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to

More From Prospect