Peter Thiel is a grump, but a special kind of grump. He is a dystopian utopian (if such a person can exist). The investor who wrote the first check for Facebook both believes in the power of technology to transform our lives, and is?perennially disappointed by it. A lengthy profile in the November 28, 2011 edition of the New Yorker (
summary here) states: "his main lament is that?America?the country that invented the?modern assembly line, the skyscraper,?the airplane, and the personal computer?has lost its belief in the future." It is an argument he's made before. Last September, at Disrupt SF he made the case that
innovation is dead across most of the economy (you can watch the video of the session below). But what about the iPhone? ?"I don't consider this to be a technological breakthrough," he tells the
New Yorker. Technology
simply isn't creating enough jobs or moving the needle in areas like transportation, health, or energy.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/l91vKmiVNNo/
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