Peter Thiel on the Failures and “Self-Hatred" of Big-Tech

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  • čas přidán 9. 07. 2020
  • Peter Thiel opens up about how artificial intelligence, 5G wireless, and blockchain security are converging in a new era. In a substantive and wide-ranging discussion with tech guru George Gilder Thiel outlines how new Internet and monetary systems can remedy the currently torturous relations between the U.S. and China, and how understanding money as time overthrows the prevailing economic and technological models and opens the way to a cornucopian future.
    Peter Thiel is an entrepreneur and investor. He cofounded PayPal, led it as CEO, and took it public; he made the first outside investment in Facebook, where he serves as a director; and he cofounded Palantir Technologies, where he serves as chairman. He has provided early funding for LinkedIn, Yelp, and dozens of startups, many run by former colleagues who have been dubbed the “PayPal Mafia.” He is a partner at Founders Fund, a Silicon Valley venture capital firm that has funded companies including SpaceX and Airbnb. He started the Thiel Fellowship, which funds young entrepreneurs, and he leads the Thiel Foundation, which works to advance technological progress and long-term thinking. He is also the #1 New York Times bestselling author of 'Zero to One: Notes on Startups, or How to Build the Future'.
    COSM is an exclusive national summit on the converging technologies remaking the world as we know it. Learn more at cosm.technology/.
    And, watch all of the conference sessions including keynotes Peter Thiel, Ray Kurzweil and George Gilder. Get access here cosm.technology/2019/virtual-...
    Check out these other great videos:
    Steve Forbes on cryptocurrencies and blockchain technology | COSM Interview
    www.youtube.com/watch?v=504s-...
    Are our brains downloadable? - Robert J. Marks COSM Interview
    www.youtube.com/watch?v=_ANYZ...
    𝗜𝘀 𝗶𝘁 𝗽𝗼𝘀𝘀𝗶𝗯𝗹𝗲 𝘁𝗼 𝗰𝗿𝗲𝗮𝘁𝗲 𝗮 𝗱𝗲𝗰𝗲𝗻𝘁𝗿𝗮𝗹𝗶𝘇𝗲𝗱, 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻-𝗯𝗮𝘀𝗲𝗱 𝗰𝘂𝗿𝗿𝗲𝗻𝗰𝘆? | COSM Interview Bill Dembski
    www.youtube.com/watch?v=xfivo...
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Komentáře • 193

  • @zaynumar0
    @zaynumar0 Před 3 lety +169

    Peter theil on university
    "The way to think of the universities today,is that they are as corrupt as the Roman Catholic Church was 500 years ago. You have this system of indulgences that takes the form of runaway tuitions, you have this priestly or professorial class that is pretty lazy and doesn't do very much work, you have this theory of salvation, where salvation consists of getting a diploma; & if you do not get a college diploma , you are going to end up in a very bad place. So there's a soteriological story as well. I think it's a universalised , centralised big story. It's the successor to the universal Catholic church , is this universal university system.
    Reform does not come from within.
    The system is unbelievably hard to reform on the inside.
    Reformation starts on the outside.
    The alternative isn't to create some new universal university system,it's for people to do different things.
    One framework for post universities is ; we need to deprogram people from the cult of the atheist church."

    • @christopherarmstrong2710
      @christopherarmstrong2710 Před 3 lety +2

      Zayn Umar - Well said.

    • @christopherarmstrong2710
      @christopherarmstrong2710 Před 3 lety +8

      Zayn Umar - Should have time-stamped 35:05

    • @snippletrap
      @snippletrap Před 3 lety +3

      But historically, the Reformation did start from within.

    • @MilanElan
      @MilanElan Před 3 lety +1

      But who is going to start? I won't, I'll have my kids attend college anyway for the credentialism anyway.

    • @lllllllllIIIIIIIIIIl
      @lllllllllIIIIIIIIIIl Před 3 lety +5

      @@MilanElan And I thank you for creating another batch of white collar slaves who bind themselves with golden handcuffs. It's a dirty job, but somebody has to do it. (But it sure as hell won't be me.)

  • @dothex4919
    @dothex4919 Před 3 lety +138

    Peter Thiel is pure gold. It makes you feel more productive by just listening to his stories.

    • @morgainenyc
      @morgainenyc Před 3 lety +7

      He endorsed Donald Trump.

    • @MackTheTemp1
      @MackTheTemp1 Před 3 lety +10

      Can you imagine if Theil sacrificed and ran for POTUS? The world would change.

    • @juanok2775
      @juanok2775 Před 3 lety +2

      He is pure young blood

    • @tassie7830
      @tassie7830 Před 3 lety

      Juan Ok 😂🤣👍

    • @jogaleone7224
      @jogaleone7224 Před 3 lety

      Easy liberace! What kind of "stories"?

  • @LoganMcNay
    @LoganMcNay Před 3 lety +96

    *NOTES*
    Video starts at 15:42
    3 Contrarian ideas for the future
    16:25
    The first contrarian idea
    It's hard to talk about the future, so let's start with the history of the computer age. In the history, they thought it was all about the centralization of computers. An example, in Star Trek, they visit some planet all run by an AI where everything goes smoothly. Fast forward to 1999, the future of the computer age was decentralization; the libertarian age of computers. Now today, it's about centralization again where google is like it's own country. There is a possibility to swing the pendulum back to decentralization again with privacy via crypto.
    If crypto is libertarian, AI is communist.
    China loves AI, China hates crypto. Sillicon Valley is too enamored with AI because of technological reasons but also because it swings a very left wing zeitgeist.
    One idea of the future, we'll swing to the decentralized world of computing again.
    21:00
    The second contrarian idea. Progress is slow today. Yeah the pendulum will swing back but it'll be slow. Things are stagnating now. Everyone is bragging that they're innovating and saying they're one step away from curing cancer, but things have been slower. Sillicon valley is the most innovative part of the US and in the last 5 years it's stagnated a lot more. In 2014 sillicon valley was saying this is the place where things are happening, in 2019, it's as self hating as the banks were in 2008. To pick on Google, back in 2014, google had the google glasses, the self driving cars, but now today Google doesn't even have a goal in mind for the future so much. Sillicon Valley has consolidated into larger companies. It's gotten harder for new companies to break through; it's gotten harder because smaller companies are good at doing new things and people are doing fewer new things.
    28:15
    The third contrarian idea. At the end of the day, technology is about people, not inanimate forces, it's not some Marxist historicism about the way things are inevitably going to happen. The stress is always on individuals and small companies. It's a question of human agency, it's not deterministic. At the end of the day it's up to us to make it happen.
    30:24
    Q&A
    34:40
    Q: How do you envision the new idea of the education system to produce young people who bring new progress rather than more cogs for the existing machine?
    A: The way to think of the universities today is as corrupt as the roman catholic church was 500 years ago. You have the system of indulgences that takes the form of runaway tuition. You have this priestly class that doesn't do very much work. You have this theory of salvation where salvation consists of getting a diploma and if you don't get a college diploma you're going to end up in a very bad place. So the college is the accessor to the church 500 years ago. The college is the Atheist Church. We should be fighting the Atheist Church in all of it's forms. Reformation starts from the outside, so people should be encouraged to drop college and start companies. We need to deprogram people from the cult of the atheist church.
    The value of high end education doesn't come from better education but from exclusion. You don't want to be a Harvard student and hear that they're letting in 10 thousand new students tomorrow. You can literally listen to Harvard lectures online. (In fact I wrote several notes on Harvard's business start up lectures)

    • @RR-ii2do
      @RR-ii2do Před 3 lety +3

      blake masters found

    • @vardaanvardhan9932
      @vardaanvardhan9932 Před 2 lety

      I wonder what ideology would be assigned to genetic engineering/biotech

  • @mac94312
    @mac94312 Před 3 lety +30

    Fuck man, when is Peter going to do another interview? I want to hear his take on the madness that has been 2020

    • @jamespederson4729
      @jamespederson4729 Před 3 lety +1

      I really enjoyed the talk but wow is he a terrible public speaker.

    • @personinternet5326
      @personinternet5326 Před 2 lety

      He needs new talking points, also he has to be careful not to reveal the Island 🏝️

  • @thebabscast5154
    @thebabscast5154 Před 3 lety +42

    Pete is one of the greatest men of the current era

  • @richdobbs6595
    @richdobbs6595 Před 3 lety +5

    Thiel Analysis: We are in a period of excessive centralization and lack of true innovation. Thiel as a Venture Capitalist: Founder of payment system company that seems to be successful primarily by being a first mover, and early investor in a social media company that prospers through a network effect but is largely a negative as far as its impact on innovation and societal good.

  • @christopherarmstrong2710
    @christopherarmstrong2710 Před 3 lety +19

    34:30 Universities and the higher education system
    38:34 “Stop out of college” - I like that! Let’s all use that term from now on, instead of the other derogatory one...
    41:15 “Conflating investment & consumption is always a mistake” (pre-2008 housing bubble)
    41:58 Online Ivy League Education = no credits. COVID-19 new normal?
    43:39 TSI book.
    52:22 “I think Jungian psychology is just ridiculous.” (on Jordan Peterson)
    54:00 “The real structural thing is we have to get back to the future, we have to get back to growth in our economy generally.

    • @KingOfMadPistoleros
      @KingOfMadPistoleros Před 3 lety

      @Stephen Valus "the way I understand the Jordan Peterson phenomenon [...] Is not that he's correct about Jungian Psychology, which I think is just ridiculous,..." Ambiguous phrasing, interpretable both ways

  • @avayu2289
    @avayu2289 Před 3 lety +7

    Total crush on Peter Thiel here! Such brilliance! Great example of why identity politics has zero to do with success as he is an ultra gifted human...not just a gay man!

  • @SpoonHalfFull
    @SpoonHalfFull Před 3 lety +14

    "Next year I'll do this in person"
    Enter: COVID

  • @mac94312
    @mac94312 Před 3 lety +2

    Peters take on universities is spot on. They have become rent seeking intuitions. what is even more impressive is that Peter has created a successor to the university system. His Thiel Fellowship program boosts alumni such as Vitalik Buterin of Ethereum and Austin Russell of Luminar Technologies.

  • @williamt4629
    @williamt4629 Před 3 lety +18

    Skip the intros
    Thiel starts like 15 mins into it

  • @nbme-answers
    @nbme-answers Před 3 lety +7

    George Gilder + Peter Thiel? Instant subscribe.

    • @AcharyaChanakya108
      @AcharyaChanakya108 Před 3 lety

      I see you commenting on a whole bunch of videos I watch.
      You have good taste.

  • @gszikra
    @gszikra Před 3 lety +7

    Go Peter Thiel! Go!

  • @floodgames7876
    @floodgames7876 Před 3 lety +6

    "Education is an insurance product against the ever-growing cracks in our society"
    They should've followed up on this WHAT CRACKS!?
    And how to solve?

  • @freekingawwsome
    @freekingawwsome Před 3 lety +1

    @Peter Thiel your awesome

  • @sandeepvk
    @sandeepvk Před 3 lety +1

    How many of you tried you move your mouse seeing that mouse arrow on top right corner ? :) 15:54

  • @JD-kf2ki
    @JD-kf2ki Před 3 lety +1

    One of the smartest guys in the world alive.

  • @kenneth1032
    @kenneth1032 Před 3 lety +12

    So this was done at the COSM 2019.

    • @CoconutPete
      @CoconutPete Před 3 lety +2

      recently uploaded in 2020. People in video are not wearing masks or social distancing. Either it's an old video or they know the plannedemic is a scam

    • @mac94312
      @mac94312 Před 3 lety

      @@CoconutPete Both can be true

  • @3monsterbeast
    @3monsterbeast Před 3 lety +1

    man I love peter thiel and everything he has to say. just bought his book zero to one, can’t wait to read it!

  • @shawnrader2393
    @shawnrader2393 Před 3 lety +1

    Can’t believe this has only 32k views

  • @julsius
    @julsius Před 2 lety

    Big fan of Thiele.
    Also, its very hard to argue for strong IP right protection from a libertarian perspective.
    because the enforcement of IP laws necessitates government policing, which is also basically impossible across borders.
    And the very nature of copying is not really criminal activity. its not like the monks who copied the Bible were considered criminal, nor did most of society (who could) considered it criminal to download music when that capacity came into play (though of course we now realise, to some extent, that we want artists to be paid for their work). Also, the very nature of bitcoin/crypto requires the copying of information off a public ledger, so even libertarian tech utilises copying public data.
    So the problem inherently is facilitating the copying, not really the fact that people do/will copy it.
    The IP right solution to it is a governmental (legalistic/beurecratic) intervention rather than a free market one .
    Traditional free market methods of guarding against copying are trade secrets, encryption etc.

  • @akashp5
    @akashp5 Před 3 lety +7

    How old is this interview?

  • @dawittourism
    @dawittourism Před 3 lety +33

    "Discovery Institute" you just know nothing new comes from there.

    • @esterhudson5104
      @esterhudson5104 Před 3 lety

      Well, if you’re looking for trendy stuff....maybe try the Kardashians..

  • @alexanderwest4293
    @alexanderwest4293 Před 3 lety +8

    This host is unbearable. I'm 6:28 in, and I'm wondering, is someone pranking this panel? The restraint from each of them is remarkable.

  • @alexanderwest4293
    @alexanderwest4293 Před 3 lety +2

    9:16, guys come on. Who put together this venue? George is talking, and all I hear is silverware clinking on plates. 🤦‍♂️

  • @ahappytravis2176
    @ahappytravis2176 Před 2 lety +1

    brilliant

  • @HR_GN
    @HR_GN Před 3 lety

    When did this take place?

  • @robertcox14
    @robertcox14 Před 3 lety

    How much energy does huge info-storage require? Air conditioned data farms require a whole energy industry running on "giga watts".

  • @robertcox14
    @robertcox14 Před 3 lety

    Marketing devices as eternal growth is wrecking the planet.

  • @sandrosilva1798
    @sandrosilva1798 Před 3 lety

    It would be so nice a cheap and clean energy resource like small nuclear reactor. Before the tech facilities we need to run them easily.

  • @danielsteel5251
    @danielsteel5251 Před 3 lety +1

    52:00

  • @aaronmaxcarver
    @aaronmaxcarver Před 2 lety +1

    15:39

  • @bossgd100
    @bossgd100 Před 3 lety +13

    His talk lack innovation also :p
    Same since 4 years at least

    • @smallbluemachine
      @smallbluemachine Před 3 lety +7

      94% of his talks are the same, but there's always that small remaining chunk where he addresses something in particular you don't hear elsewhere.

    • @johnwick3321
      @johnwick3321 Před 3 lety +7

      Damned if you change you opinions, damned if you don't.

    • @smallbluemachine
      @smallbluemachine Před 3 lety +2

      John Wick - I don’t think he’s changing opinions so much as adding his thoughts in other areas than the usual ones.

  • @jonahrasnake498
    @jonahrasnake498 Před 3 lety

    Who Noticed Peter reading a teleprompted script from 15:45 - 30:30? "I'm on the board of Facebook, so I have to be Pretty Careful how I answer your questions here..." Via video conference

  • @thatfitnessky
    @thatfitnessky Před 3 lety

    This dudes smart

  • @lionelshaneyfelt5607
    @lionelshaneyfelt5607 Před 3 lety +1

    i love my thiel

  • @danielsteel5251
    @danielsteel5251 Před 3 lety

    35:05

  • @byzantinegold
    @byzantinegold Před 3 lety

    Starts at 15:43

  • @chaumeloco
    @chaumeloco Před 3 lety

    45:00 - Who is Satoshi Nakamoto?

  • @nicetrymate813
    @nicetrymate813 Před 3 lety +1

    45:14 not to get too conspiratorial but I think Peter Thiel knows who "satoshi" is. Freudian slip.

    • @123asdzxc7
      @123asdzxc7 Před 3 lety +2

      Maybe Thiel is Satoshi... maybe he created the myth of Satoshi to keep the fed of his back

  • @NatoViolin
    @NatoViolin Před 3 lety

    Every time I listen to a Thiel Talk, I feel my brain get bigger, a little like when the Grinch's little heart grows many times over. One disagreement: /both/ AI and crypto fail Thiel's `charisma' benchmark, I must humbly submit. A rant: blog.snailtext.com/posts/the-dismal-tech.html

  • @RadicalNuance
    @RadicalNuance Před 3 lety

    What you came here for: 15:37

  • @Ali.Abdulla
    @Ali.Abdulla Před 3 lety

    Peter thiel talking about psychological insights from Jordan Peterson?
    Be still my heart.

    • @robertbrandywine
      @robertbrandywine Před 3 lety +1

      He said Peterson was ridiculous talking about Jungian psychology.

    • @Ali.Abdulla
      @Ali.Abdulla Před 3 lety

      @@robertbrandywine yes

  • @ObeySilence
    @ObeySilence Před 2 lety

    A indicator of decline and less creative input in Google is also their Google-Talks format. The speakers have become so mediocre over the years. It is very different people nowadays who sit in this company

  • @bossgd100
    @bossgd100 Před 3 lety +3

    So college is a quantum superposition ?😂

  • @browsguy
    @browsguy Před 3 lety

    Peter Theil 15:37

  • @firstbrotherDK
    @firstbrotherDK Před 3 lety +1

    Commy China is very fast at copying...can't agree more!

    • @dm_grant
      @dm_grant Před 3 lety

      Diego Khoo Every time you buy made in China a communist gets a yellow star.

  • @aew0aew0
    @aew0aew0 Před 3 lety

    Skip to 15:30 to get to the meat. What a long intro.

  • @carloscarpizo5845
    @carloscarpizo5845 Před 3 lety

    To be fair I think I needed to learn how to solve problems before I felt intellectually capable of chasing the opportunities I felt the most strongly about. I am also most grateful to Mr. Thiel for his writing of Zero to One, as it was the first gift I gave to the man who, if I am ever lucky enough to run for office, I will commandeer as my campaign manager/chief of staff.

  • @peterbrendan8413
    @peterbrendan8413 Před 3 lety +1

    First question guy clearly has a large investment in Google

  • @MsFutureguy
    @MsFutureguy Před 3 lety +1

    Everything he talks about supports my paradigm of the next civilization, which will be almost unrecognizable from this primitive version which is cracking now.

  • @jonaslengsfeld7036
    @jonaslengsfeld7036 Před 3 lety

    The following is my present to the world: the key to solving the misery of the education system is to focus on forgett about the lecture and just focus on the testing and the respective certification. One really revolutionary thig a government could do is to force places like Harvard to open up their test to anyone who is willing to pay a reasonable fee (just to cover the costs of evaluation). The exams would have to take place in a stadium but that doesn't seem to be to big of a problem. Of course there could also be a company that offers testing as a business.

  • @truelifepodcast
    @truelifepodcast Před 3 lety +7

    I think it was Mcluen who said the linear print gave the world linear thinking.
    Code is still written like print. Crypto is still a financial vehicle capable of speculation based on the concept of “0” (nothingness) Tech has been a failure in the majority of its promises. The problem is stagnation, no growth, I think if we could add another dimension to language we can begin to move forward. You can’t go anywhere untill you have a linguistic pathway.
    Since we all agree we can’t have a “new” idea but we can rearrange old ones. How about a new dimension of language.
    Allow me to unpack that a bit. I believe the world is made of language. In fact you could make the argument that we are imprisoned by our language. Contracts, insurance corp, social media guidelines...etc they have fenced us in to a linguistic internment camp made of ambiguous language. This type of language is an example of reach being larger than its grasp. What if we could add a new prefix and suffix to words in our language that would denote intent? It would do a way with a lot of this ambiguity/liability that is currently strangling our lives.......

    • @DheerajBhaskar
      @DheerajBhaskar Před 3 lety +3

      Adding prefix, suffix is already there in language. Adding more prefixes, suffixes might extend the same 2d dimension (using your analogy) language. It will not make it 3d. Given words are written in a 2d medium, you can always refute it will any day become 3d (not just spatial dimension). You can say that anything added is a serialisation of perhaps a higher dimensional object into 2d and you'd be right. So maybe, 3d version of words is video (adding the time dimension). I don't know how you would add another dimension to a language which materializes as another dimension in words. Langauge is abstract, it's forms- speech, words, etc give it a dimension. Language might already be multidimensional, I'm not sure

    • @tactics40
      @tactics40 Před 3 lety +3

      Language is linear because you can only say one word at a time. If you think you can invent some other system, point to the proof of concept.

  • @affansiddhiqui3739
    @affansiddhiqui3739 Před 3 lety +1

    You just can't watch view of peter theil on tech and don't get inspired

  • @zzip0
    @zzip0 Před 3 lety +3

    So we need urgently to split big IT companies and all others too. The innovation is strangled by several factors:
    1. Monopolization. Big companies are very poor at innovation, they are maybe good at incremental improvement of existing tech. So we need to accelerate competition and splitting is one option.
    2. Cheap labor - be it China, or India, ideology is not that significant. Cheap labor steers the capital investment into cheaper production, not in more efficient and innovative direction. Why create new risky tech, when you can move existing tech into cheaper places? Unfortunately this means we have to part ways with globalisation, which is pity, we all like it somehow. But it needs to be limited.

    • @mac94312
      @mac94312 Před 3 lety +1

      This sounds like the Pocahontas/ comrade Sanders playbook, which is a disaster. If you read Zero to One Peter explicitly talks about how competition doesn't drive innovation. In a highly competitive industry profits are competed away. All resources are allocated towards survival. A great example is the airline industry. To drive innovation we need less talented people going into law and finance and instead creating startups and trying to solve problems. With regards to cheap labor I don't see how putting up trade barriers drives innovation. If, as you say, large firms are poor at innovating (which I agree with) is forcing them to manufacture at home going to all of a sudden turn them into great innovators? Although, I am in favor of increasing domestic manufacturing by for other reasons (employment, national security, quality control etc.)

    • @zzip0
      @zzip0 Před 3 lety +1

      @@mac94312 Actually lots of what I say is from Steve Bannon and related people, not from the left. And according to people like Adam Smith, it is the invisible hand of the market and competition, which was driving human progress during all our history. We also have the opposite examples - USSR and Eastern block in general had many great and talented engineers, no financial services and nearly no lawers (but lots of police). Did they do well in the industry? Which of their tech we use now? Did they match Western competition based productivity and innovation? Nope!
      Putting limits on cheap labor steers the market into competing for better products which requires new tech, which requires more expensive and educated workforce. Instead of current trend which basically iterates on existing tech with lower prices based on cheaper labor.
      I usually give this example - imagine you inherit 100mln usd in cache and have to decide how to invest them. Are you going to build some new R&D center full with expensive PHds, which maybe, maybe will create some marvelous new tech in 10-20-30 years? Or rather move the money to China, build the factory there supervised by the local totalitarian henchmen taking care for the labor relations and simply do some trivial stuff cheaper and then shipping it to US and Europe? And enjoy some handsome 20% profit every year...? The trade and investment flows during the globalisation indicated that most entrepreneurs selected the China option. And they liked it... But the later step is to start moving higher and higher tech under the wings of CCP. And they were doing exactly this. Meanwhile large parts of industrial US and Europe changed beyond recognition.
      Is this the option we want to offer our children? I am engineer, PhD, worked over 10 years in Asia. I love Asia, maybe even my children will love it. But this was never "home", rather more a big zoo and you are always in the role of exotic white monkey. Your children - too will be. I know children who speak fluently mandarin, korean, japanese.... Does not help. They are always gaijin, wegugin,... Meanwhile they don't feel at home even in US and Europe.

    • @mac94312
      @mac94312 Před 3 lety

      @@zzip0 thanks for the reply! I have never heard Steve Bannon talk about protecting manufacturing via tariffs as a way to drive innovation. He is in favor of domestic manufacturing to provide good jobs and strengthen the Middle class and as a security measure. You mention Adam Smith and the invisible hand. The invisible hand refers to independent agents acting in their best interest (free from government coercion) which results in maximum welfare for the individual and society as a whole. The government meddling in the economy is the exact opposite policy as compared to the wealth of nations doctrine. The USSR had a closed centralized economy. Your perscription moves the US closer to the Soviet economic model.

    • @mac94312
      @mac94312 Před 3 lety

      @@zzip0 In terms of FDI inflows the United States is #1 by a large margin. Capital is flowing uphill, which is the exact opposite prediction of the globalist. Lastly, with regards to China I completely agree as do most western countries (except Biden) and the congress and the white house. All firms should limit transactions with the enemy of liberalism, China. I know Samsung has moved almost all of their manufacturing out of China. Tim Cook has said Apple is moving out of China to India. Hopefully others will follow suit.

    • @zzip0
      @zzip0 Před 3 lety

      @@mac94312 Actually Bannon strongly suggests the strongest possible actions against China.
      The theory of Adam Smith did not stop US to impose all kind of trade and commerce restrictions against USSR and thus bankrupt it and win the Cold War. Competition makes sense only inside US and at most with other markets with similar society structure like EU for example, but even EU trade has to be subject to reasonable restriction due to different subsidies on both sides. Communist China is not such case. You can not have a free trade between a democratic capitalist market and slave society with no political and labor freedoms. The competition however has to be increased inside US and EU markets to accelerate stagnating innovation.

  • @haythamal-dokanji9547
    @haythamal-dokanji9547 Před 3 lety

    The clacking of forks on plates and the meandering intro spoiled it for me.

  • @anonmouse956
    @anonmouse956 Před 3 lety

    Satoshi is Adam Back.

  • @notgerhardnotrichter4951
    @notgerhardnotrichter4951 Před 3 lety +3

    Dream husband 😍

  • @drift9726
    @drift9726 Před 3 lety +4

    "Um uh.. and uh, umm uhh, uh uh uh ummma umm uh but uh uh uh uh ummm uh." SMH

    • @kennyg1358
      @kennyg1358 Před 3 lety +1

      You missed the good parts.

    • @masterd7290
      @masterd7290 Před 3 lety

      I thought I was the only one. Spit it out Peter!

  • @thexxmaster
    @thexxmaster Před 3 lety +1

    whats more likely: technological progress (which has been on an exponential trend for hundreds of years) has plateaued; or a tech investor can no longer identify technological trends as they aged?

  • @ozafter1
    @ozafter1 Před 3 lety +1

    What kind of beverage does Peter have there

  • @FrankReif
    @FrankReif Před 2 lety

    Why aren't you buying bitcoin Peter? Is there something you're not telling us?

  • @__napcakes__1911
    @__napcakes__1911 Před 3 lety +4

    What's his beef with jungian psychology?

  • @JoeHeine
    @JoeHeine Před 6 měsíci

    15:43 fifteen minutes of time-waste. Thank god for timestamps

  • @croslaw
    @croslaw Před 2 lety

    No doubt Thiel on the money because Google never recommends a single Thiel video to me. I watched Malcom gladwell ONCE and all I get are leads to him. No thumb on the scales? Think again.

  • @vibewidaadi
    @vibewidaadi Před 3 lety

    Peter Thiel sounds a lot like Craig Wright. He would love BitcoinSV once he decides to look into it.

  • @clickaccept
    @clickaccept Před 3 lety

    "we can measure Avogadro's number" wtf? Its a number. How do you measure a number?

    • @smallbluemachine
      @smallbluemachine Před 3 lety +1

      You see how big it is and write it down.

    • @zebman9228
      @zebman9228 Před rokem

      @@smallbluemachine He means to count/calculate/determine the number of molecules per the definition. Count, calculate, determine, measure they are all somewhat synonymous depending on usage.

  • @spdemo
    @spdemo Před 3 lety

    What's he drinking there to the side?

  • @robertcox14
    @robertcox14 Před 3 lety

    Thiel related to Edward Bearnays, a hedge fund promoter with Big Tech Blah, blah, blah.

  • @MB561
    @MB561 Před 3 lety

    16 fucking mins of listening to average at best minds until they finally get the fuck off the stage and hand it over to the guy we actually care to listen to.

  • @crocobaur5407
    @crocobaur5407 Před 3 lety

    the 2 guys took 15 min pretended to praise Peter but just wanted attention on themselves , guys go boil an egg

  • @FLUNTER
    @FLUNTER Před 3 lety

    Goddamn someone needs to turn off their mic.

  • @timfrye3586
    @timfrye3586 Před 2 lety

    Yeah, I bet Peter Thiel knows somethings about self-hatred. Uhh.. no thanks

  • @CoconutPete
    @CoconutPete Před 3 lety

    Anyone notice something really unusual about this video? That's right... nobody is wearing a mask or social distancing!

    • @vanesahuang5448
      @vanesahuang5448 Před 3 lety +1

      This was in 2019 (not sure if your comment was meant as sarcasm or not)

    • @CoconutPete
      @CoconutPete Před 3 lety

      @@vanesahuang5448 aha... that makes more sense. The publishing date of the video in july 2020 so threw me off ha

  • @notbrad4873
    @notbrad4873 Před 3 lety +2

    Peter needs to get a handle on his filler words

  • @plekkchand
    @plekkchand Před 3 lety +2

    and..uh.uh . sort of.. uh...

  • @thisisyourcaptainspeaking2259

    And, uh, ah, umm, and, uh, umm...............

  • @billyjoeallen
    @billyjoeallen Před 3 lety +1

    Gilder sounds like a flim flam man. a con artist.

    • @jumboridesagain7336
      @jumboridesagain7336 Před 3 lety

      He has a book saying the Middle East hates Israel because they’re envious of their success

  • @MB561
    @MB561 Před 3 lety

    The geeeeezer at the starting was painful to listen to. He's like your grand father trying to explain nintendo to an expert playing kid. Please go have some teach and crumpets and get started on your mid tea and crumpets nap and let the interesting people talk. Get off the stage Gorgi!!

  • @DavidRussellM
    @DavidRussellM Před 3 lety

    Peter really needs to go check out Toastmasters, half of this talk was ‘ums’ and ‘uhs’! 😁

    • @DavidRussellM
      @DavidRussellM Před 3 lety +1

      For those interested, the trick is to replace them with pauses. 😎

  • @slightlygruff
    @slightlygruff Před 3 lety

    none of this is contrarian

  • @bernadettetreual
    @bernadettetreual Před 3 lety +3

    Interesting points. But I think Peter is wrong about China: If you look at Shenzhen, it's incredible how many ideas are created there. Fighting "Communism" is just smoke and mirrors.

    • @akashp5
      @akashp5 Před 3 lety +1

      It’s mostly one to n ideas. Another cheaper smartphone or a new version of something old. Google of China (Baidu) or Uber of China (didi)

    • @TheMountainBeyondTheWoods
      @TheMountainBeyondTheWoods Před 3 lety +2

      How many ideas ARE created there? Apart from copying the west what has China discovered or invented?

    • @bernadettetreual
      @bernadettetreual Před 3 lety +4

      @@TheMountainBeyondTheWoods Just browse AliExpress. I think you severely underestimate the creativity and productivity that you find in Shenzhen where development and production are so close together. Like in a vertically integrated company like Apple.

    • @joeyng1282
      @joeyng1282 Před 3 lety

      Fact is China hasn't invented anything since 1949. They're now famous of intellectual property theft. China recently claims credits on: 1. High speed rail invention, 2. Online-payment Service, 3. E-Commerce, 4. Dockless Shared Bikes. :) What a joke. BTW, you're from Europe, right? They tend to praise China in Europe.

    • @attitudeenvoyage1892
      @attitudeenvoyage1892 Před 3 lety

      @@TheMountainBeyondTheWoods tiktok, to be banned by trump

  • @john1425
    @john1425 Před 3 lety +1

    Wow. The host is a senior fellow at The Discovery Institute? That's so dissapointing. Maybe they do stuff I'm not familiar with but all I know from them is anti-scientific religious nonsense.

    • @john1425
      @john1425 Před 3 lety +1

      I know Thiel is a theist but I didn't think he was a fundamentalist evolution denier.

    • @krileayn
      @krileayn Před 3 lety

      @@john1425 Evoutionary theory at least macro evolution seems to have major flaws.
      czcams.com/video/noj4phMT9OE/video.html

  • @javadhamedan
    @javadhamedan Před 3 lety +2

    Nonsense

  • @ssing7113
    @ssing7113 Před 3 lety +2

    he still can't admit.. and I like his outlook.. Apple has been nothing but innovative. W1 chip, AR glasses, upgrading their lines every year, airtags, credit card, streaming service, game service, possible car unit... this is half of it.. yes these aren't all groundbreaking but for the biggest company in the world.. yes it's insane progress, along with everyone having aI chips in their cpus now... let alone their bumps in performance every year
    I'm sorry but we are progressing.. Elon is building the software for self driving cars as a very very fast pace all he while running two other companies, family, moving, new baby, and ramping up many factories for Tesla

    • @lukas1327
      @lukas1327 Před 3 lety +9

      Man you should really evaluate what you said

    • @bossgd100
      @bossgd100 Před 3 lety +2

      He talk about progress and real innovation. Not incremental progress

  • @JohnDoe-oq4zs
    @JohnDoe-oq4zs Před 3 lety +1

    Talks about libertarianism and his companies are the largest surveillance tools, the ultimate hypocrite!

    • @waxcomb
      @waxcomb Před 2 lety

      Yeah as long as the government doesn't do it it's all good no?

  • @robertbrandywine
    @robertbrandywine Před 3 lety

    Boring stuff.

  • @JoeHeine
    @JoeHeine Před 6 měsíci

    Pete's speeches are all the same speech. His herky-jerky sppech pattern is very unnatural and robotic.

  • @duudleDreamz
    @duudleDreamz Před 3 lety

    Ironically Thiel's desperate attempt to sound "contrarian" makes him repetitive and contrived.

    • @smallbluemachine
      @smallbluemachine Před 3 lety

      There's always a new tidbit here and there, but I have to agree somewhat, he's been going 1 to n since 2012.

    • @__napcakes__1911
      @__napcakes__1911 Před 3 lety

      That's because his "old" ideas are still contrarian. Also, he's an investor. He can't share brand new insights as long as profit opportunities exist as a result of them being secrets.

  • @pandoraboxhq719
    @pandoraboxhq719 Před 3 lety +1

    Waste of time with these intellectual frauds.

  • @JoelBondurant
    @JoelBondurant Před 3 lety

    45:00

  • @adamlee9347
    @adamlee9347 Před 3 lety

    15:33