> lol, do you seriously think no one was focused on rent extraction in the 50 and 60s? As if that was a recent invention? No, obviously I don't believe that. Y

> lol, do you seriously think no one was focused on rent extraction in the 50 and 60s? As if that was a recent invention? No, obviously I don't believe that. You seem to keep going back to black and white arguments, which I didn't make. > Right now, I can now apply to 100's of startup incubators to get funding for my idea or invention The biggest, most successful startup examples are incremental. Uber, stripe, Airbnb. Google I would probably argue was a serious innovation over the status quo, but still on an incremental subject. > Back then, making prototypes involved an entire machine shop and a ton of capital. I do agree that consumer access to capital, both financial and manufacturing has improved. But my point in general is that ambition has shrunk and there's less of what Thiel calls 0 to 1 innovation and more energy is going into incremental improvement and rent extraction.