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That Peter Thiel is surprisingly blind to India and China's technological progress says it all. There are two forces at work here 1) world GDP growth decelerati
by anuraj 14y ago
That Peter Thiel is surprisingly blind to India and China's technological progress says it all. There are two forces at work here 1) world GDP growth deceleration 2) massive shift of economic base to emerging economies. The realignment can surely be expected to bring about massive innovations into these economies and that is not a bad thing at all.
- PKop 14y agoYou haven't seen much from Thiel it seems. He addresses the lage growth of economies such as China extensively, and identifies that much of their growth is not adding new science or technology to collective knowledge but simply "catching up" to the U.S., others, with much "copying" of technological process. This, he says, implies that eventually once they reach parity, there will be inevitable slowdown and in addition does not solve the overall situation of slowdown in worldwide technological and scientific innovation. 2008 http://www.charlierose.com/view/interview/9302 http://www.charlierose.com/view/interview/9302 2010 http://lockerz.com/u/20643924/decalz/7182285/charlie_rose_peter_thiel_interview http://lockerz.com/u/20643924/decalz/7182285/charlie_rose_pe... EDIT: From summer 2012, very good: http://tech.fortune.cnn.com/2012/07/17/transcript-schmidt-thiel/ http://tech.fortune.cnn.com/2012/07/17/transcript-schmidt-th...
- anuraj 14y agoI have, but I don't think the analysis is worth it. He seems really shallow at it. The massive transformation technology has brought about in India and China cannot just be termed catchup. There are many innovations to list that western economies have not witnessed so far.