This chapter explores Peter Thiel's perspective on technological stagnation in the West. He contrasts horizontal (extensive) growth through globalization with vertical (intensive) progress through innovation, arguing that the latter is more crucial for improving living standards in developed countries. Thiel challenges the notion of continuous progress, citing examples in medicine and engineering to support his claim of relative stagnation.
Contrast between horizontal and vertical progress
Claim of little technological progress in the West in the last 50 years
Critique of 'big science' and its impact on innovation
Argument that technological stagnation is a cultural rather than a natural problem