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."
@@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.)
*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)
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.
@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
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.
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.
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!
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.
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.
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
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.......
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
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.
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.)
@@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.
@@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.
@@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.
@@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.
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
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.
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
Everything he talks about supports my paradigm of the next civilization, which will be almost unrecognizable from this primitive version which is cracking now.
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?
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.
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.
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.
@@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.
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.
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!!
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
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.
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.
Peter Thiel is pure gold. It makes you feel more productive by just listening to his stories.
He endorsed Donald Trump.
Can you imagine if Theil sacrificed and ran for POTUS? The world would change.
He is pure young blood
Juan Ok 😂🤣👍
Easy liberace! What kind of "stories"?
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."
Zayn Umar - Well said.
Zayn Umar - Should have time-stamped 35:05
But historically, the Reformation did start from within.
But who is going to start? I won't, I'll have my kids attend college anyway for the credentialism anyway.
@@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.)
*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)
blake masters found
I wonder what ideology would be assigned to genetic engineering/biotech
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.
@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
Fuck man, when is Peter going to do another interview? I want to hear his take on the madness that has been 2020
He needs new talking points, also he has to be careful not to reveal the Island 🏝️
Pete is one of the greatest men of the current era
The greatest.
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.
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.
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!
Skip the intros
Thiel starts like 15 mins into it
"Next year I'll do this in person"
Enter: COVID
George Gilder + Peter Thiel? Instant subscribe.
I see you commenting on a whole bunch of videos I watch.
You have good taste.
How many of you tried you move your mouse seeing that mouse arrow on top right corner ? :) 15:54
So this was done at the COSM 2019.
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
@@CoconutPete Both can be true
"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?
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.
He’s absolute torture to watch
What's COSM? 😆
Go Peter Thiel! Go!
"Discovery Institute" you just know nothing new comes from there.
Well, if you’re looking for trendy stuff....maybe try the Kardashians..
How old is this interview?
its from 2019, so around 1 year
9:16, guys come on. Who put together this venue? George is talking, and all I hear is silverware clinking on plates. 🤦♂️
man I love peter thiel and everything he has to say. just bought his book zero to one, can’t wait to read it!
One of the smartest guys in the world alive.
@Peter Thiel your awesome
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.
How much energy does huge info-storage require? Air conditioned data farms require a whole energy industry running on "giga watts".
45:14 not to get too conspiratorial but I think Peter Thiel knows who "satoshi" is. Freudian slip.
Maybe Thiel is Satoshi... maybe he created the myth of Satoshi to keep the fed of his back
Marketing devices as eternal growth is wrecking the planet.
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.
45:00 - Who is Satoshi Nakamoto?
15:39
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
His talk lack innovation also :p
Same since 4 years at least
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.
Damned if you change you opinions, damned if you don't.
John Wick - I don’t think he’s changing opinions so much as adding his thoughts in other areas than the usual ones.
Can’t believe this has only 32k views
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.
52:00
When did this take place?
Oct 2019
The good thing in 2024 is we can now process Thiel’ sequences with AI and get rid of 50% of the communication made of ‘Hum’ 😆
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.......
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
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.
Skip to 15:30 to get to the meat. What a long intro.
What you came here for: 15:37
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.
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.)
@@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.
@@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.
@@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.
@@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.
brilliant
Starts at 15:43
Thank u Nicholas
@@jillianfernandez6219 No problem
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
Peter thiel talking about psychological insights from Jordan Peterson?
Be still my heart.
He said Peterson was ridiculous talking about Jungian psychology.
@@robertbrandywine yes
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.
First question guy clearly has a large investment in Google
15:43 fifteen minutes of time-waste. Thank god for timestamps
45:00
35:05
What's his beef with jungian psychology?
So college is a quantum superposition ?😂
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
Peter Theil 15:37
Everything he talks about supports my paradigm of the next civilization, which will be almost unrecognizable from this primitive version which is cracking now.
But it won’t last long. 😊
"Um uh.. and uh, umm uhh, uh uh uh ummma umm uh but uh uh uh uh ummm uh." SMH
You missed the good parts.
I thought I was the only one. Spit it out Peter!
The clacking of forks on plates and the meandering intro spoiled it for me.
15:33
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?
Commy China is very fast at copying...can't agree more!
Diego Khoo Every time you buy made in China a communist gets a yellow star.
i love my thiel
You just can't watch view of peter theil on tech and don't get inspired
This dudes smart
What kind of beverage does Peter have there
Satoshi is Adam Back.
Goddamn someone needs to turn off their mic.
Peter Thiel sounds a lot like Craig Wright. He would love BitcoinSV once he decides to look into it.
Nunu. Get that shit out of crypto
Dream husband 😍
He is gay
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.
Why aren't you buying bitcoin Peter? Is there something you're not telling us?
Anyone notice something really unusual about this video? That's right... nobody is wearing a mask or social distancing!
@Vanesa aha... that makes more sense. The publishing date of the video in july 2020 so threw me off ha
What's he drinking there to the side?
the 2 guys took 15 min pretended to praise Peter but just wanted attention on themselves , guys go boil an egg
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.
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.
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)
How many ideas ARE created there? Apart from copying the west what has China discovered or invented?
@@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.
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.
@@TheMountainBeyondTheWoods tiktok, to be banned by trump
Thiel related to Edward Bearnays, a hedge fund promoter with Big Tech Blah, blah, blah.
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!!
Pete's speeches are all the same speech. His herky-jerky sppech pattern is very unnatural and robotic.
Yeah, I bet Peter Thiel knows somethings about self-hatred. Uhh.. no thanks
Waste of time with these intellectual frauds.
Peter needs to get a handle on his filler words
No need, that’s what makes his genius ¡
none of this is contrarian
Gilder sounds like a flim flam man. a con artist.
He has a book saying the Middle East hates Israel because they’re envious of their success
And, uh, ah, umm, and, uh, umm...............
and..uh.uh . sort of.. uh...
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
Man you should really evaluate what you said
He talk about progress and real innovation. Not incremental progress
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.
I know Thiel is a theist but I didn't think he was a fundamentalist evolution denier.
@@john1425 Evoutionary theory at least macro evolution seems to have major flaws.
ua-cam.com/video/noj4phMT9OE/v-deo.html
Peter really needs to go check out Toastmasters, half of this talk was ‘ums’ and ‘uhs’! 😁
For those interested, the trick is to replace them with pauses. 😎
Ironically Thiel's desperate attempt to sound "contrarian" makes him repetitive and contrived.
There's always a new tidbit here and there, but I have to agree somewhat, he's been going 1 to n since 2012.
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.
Nonsense
Boring stuff.
Talks about libertarianism and his companies are the largest surveillance tools, the ultimate hypocrite!
Yeah as long as the government doesn't do it it's all good no?