Peter Thiel claims AI is "Leninist" and "literally communist" in a sprawling speech for a think tank

On November 13, noted vampire capitalist Peter Thiel gave a speech to donors at the Manhattan Institute for Policy Research conservative think-tank on "The End of the Computer Age." Over the course of 40 minutes, he covered a lot of topicssome of which were at least provocative, some of them which sounded like they were ripped straight out of a Gavin Belson speech on Silicon Valley.

There was a, um, interesting reflection on the shortcomings of Margaret Thatcher's regime:

I sort of think of Margaret Thatcher's biggest mistake was she thought that in the late '70s that embracing the EU would be a way to crush the unions in the UK.

An interesting (accidental?) critique of the Electoral College system:

In a democracy if you have sort of majority vote, that's good. If you have a supermajority, that's even better. So if you got 51%, you're probably right. If you get 70%, you're even more right. On the other hand, if you get 99.99% of the voters, you're sort of in North Korea. [laughter]

The "greatest lie" Obama ever told (which is, he notes, not about Iraq or healthcare):

"Just because it's not some name-brand, famous, fancy school, doesn't mean that you're not going to get a great education there." So let's parse that two lies. First off, if it isn't a name-brand, famous, fancy school, you're not going to get a great education. You're just going to get a diploma that's a dunce hat in disguise. If it is a name-brand, famous, fancy school, you probably also won't get an education.