Nov. 10, 2008| CHARLOTTE, NC. PayPal founder, Peter Thiel, said American entrepreneurship is the way out of the current economic crisis. His talk, “The Business Model of the United States” was given at the opening reception of the Collegiate Network’s East Coast Editor’s Conference held in Charlotte, NC on Nov. 7. He crafted a view of American business for the seventy undergraduate editors of independent newspapers and magazines gathered for the weekend conference. Premised on the idea that the most fundamental business principle is “not to compete,” he described the type of business which defines America on the world stage given the current political, international, and economic climate.
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