Peter Thiel is busy promoting his new book. He went to Reddit to do the AMA. He excerpted his book in the Wall Street Journal.
I don't agree with everything he says in this book excerpt and think he misunderstands economics a bit (for example, he says "So why are economists obsessed with competition as an ideal state?" I don't think that is a right statement.) But his observation on successful entrepreneurs' desire to escape competition is right on.
So, to correct some of his misunderstandings and summarize his great points, I am going to offer my cheap book excerpt review here:
Capitalists compete to become monopolists.