In a recent interview, Peter Thiel discusses his long-held belief in technological stagnation, arguing that the pace of innovation has slowed since the mid-20th century despite earlier expectations of constant progress. Thiel positions this stagnation as a greater concern than potential cataclysms like Armageddon, emphasizing that a lack of advancement presents dire consequences. As a veteran of Silicon Valley and an influential investor, Thiel reflects on how the digital revolution has not yielded the transformative impacts anticipated, raising questions about the future of innovation and societal progress.
In 2025, I still broadly believe in the stagnation thesis. The claim was not that we were absolutely, completely stuck, but that the velocity had slowed.
I think we should fear stagnation more than Armageddon. The consequences of not progressing are more dire than the fears of total collapse.
As someone from Silicon Valley, I recognize that while digital life is revolutionary, it hasn't led to the transformative breakthroughs we once anticipated.
Being a billionaire affords me a unique perspective on innovation and investment that shapes my views about the future and the risks we face.
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