Quirky, yet accurate, self-made Billionaire Entrepreneur predicts Tech Innovation Stagnation

Peter Thiel, quirky billionaire tech mogul, PayPal founder and original Facebook investor has done so many things right. So, when he recently predicted that the United States is in a post-recession Great Stagnation of science and technology — people listened. At this year’s FreedomFest Peter Thiel announced in his debate with George Gilder, entitled “Future Shock: Has Technology Stalled in America?”, that technological innovation has essentially flat-lined. “There’s been insane progress in computers, Internet, and all things related to it,” Thiel said during his debate at FreedomFest. “It’s been offset by incredible failure in energy. To a first order, the two things have cancelled each other out.”

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