Billionaire Peter Thiel has poured $1.7 million more into a super PAC supporting presidential candidate Ron Paul, bringing his total contributions to $2.6 million.
I believe that the late 1960s was not only a time when government stopped working well and various aspects of our social contract began to fray, but also when scientific and technological progress began to advance much more slowly. Of course, the computer age, with the internet and web 2.0 developments of the past 15 years, is an exception. Perhaps so is finance, which has seen a lot of innovation over the same period (too much innovation, some would argue).
There has been a tremendous slowdown everywhere else, however. Look at transportation, for example: Literally, we haven’t been moving any faster. The energy shock has broadened to a commodity crisis. In many other areas the present has not lived up to the lofty expectations we had. I think the advanced economies of the world fundamentally grow through technological progress, and as their rate of progress slows, they will have less growth.
I’ve long wondered what’s Peter Thiel’s master plan (more):
ETA Also see, ‘A Conversation with Peter Thiel’: