Peter Thiel: The U.S. government is 'socialism without the five-year plan'

Business Insider:

Entrepreneur and investor Peter Thiel spoke to a group of student entrepreneurs at Stanford this evening, and at the end one student asked him what he thought the U.S. government should be doing to spur innovation.

His response: "The U.S. government is socialism without the five-year plan. As a result, we have much worse outcomes than the Soviet Union in the 1950s."