TEDxSiliconValley - Peter Thiel - 12/12/09

Peter describes how our entire civilization is predicated on accelerating technological change.

Peter Thiel, best known as the founder of both PayPal (sold to eBay in 2002) and hedge fund Clarium Capital, in 2009 launched the Thiel Foundation, a private foundation based in NYC that defends and promotes freedom in all its dimensions: political, personal and economic.

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Category:

Howto & Style

Tags:

• TEDx
• TEDxSilicon Valley

[revelationary]

Unfortunately, all the capital which would be going towards progress is instead stolen by our parasite state and squandered on the warfare/welfare.

[robertsmith2004]

mr thiel makes a mistake in assuming this is a technological problem, it is a SAVINGS problem. To the extent that the the state has channeled trillions of dollars from the private market to the welfare state, it has discouraged the development of new technologies that he talks about.

[Vincentmahone]

@robertsmith2004 you can say, the human was condition to have great expectations. If you save your own money, you take from other - if you bulid a machine there can give free clean energy you can redistribiute through a funny instituation (GOV. - Robin Hood.) - What can you do with savings? - okay fiancial system, that matters - economic is a fact.. :() There is good question about the technology, because its seems like all that "progress" have short benefits, but in the long run - more trouble

[VersatilyAudacious]

It is actually not that hard on a meta level. Challenging people in a stable society as well as trail and error while sharing that knowledge is pretty simple. Unless we all die, there is a 100% chance of success. When we talk about innovation.

A more specific question is: How do you challenge people in a stable society? The answer is simple. You challenge people with curiosity, according to the responsibility they want and educate them accordingly.

[eugrus]

@revelationary I've just checked your profile to see if you are from my country too :D

[EdgarM729]

@revelationary I love you

[joebstarsurfer]

its like facebook hes saying nothing gibberish.

[joebstarsurfer]

facebark sorry FBI!.

[chunkEcheez]

This guy is a surprisingly poor public speaker for someone so rich.

[robertsmith2004]

@saxonthebeach27

who knew that it we cannot base an economy upon taking a 2nd and 3rd mortgage on the nations productive capacity to pay medical professionals to push old people around in wheelchairs? The problem is political and economic not technological. There are thousands of smart scientists at the local university that have ideas that are probably great, the problem is their practical implementation (they need money). I think Thiel knows better.

[trindaz]

That 2 economists quote gets me thinking...

--Trindaz on Fedang #financial-markets