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Peter Thiel’s Contrarian Strategy

This is my inaugural post for my “TECH” blog category. This story does not really deal with media (except for perhaps a Spotify venture capital investment and a character in HBO’s Silicon Valley) but it is worth reading and bookmarking.

There is also this 2011 profile by George Packer in the New Yorker.

Breakout Labs shines a spotlight on a contrarian contention Thiel has been advancing in essays, talks, and debates since about 2008, which has come to be known as the “tech stagnation thesis.” Thiel contends that the amazing advances we have seen in computer science and communications have masked ominously disappointing progress in energy, transportation, biotech, disease prevention, and space travel. That slowdown, he maintains, accounts for the near stagnation in real incomes and wages we have experienced since 1973, and for widening inequality in wealth distribution.

“In the last 40 years in the technology world,” as Thiel puts it, “we’ve had enormous progress in the world of bits, but not as much in the world of atoms.” The notion is encapsulated in the tag line of Thiel’s venture capital firm, Founders Fund: “We wanted flying cars, instead we got 140 characters.”

via Fortune.

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