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2024-12-20T11:36:08.677Z

Everyone thinks we're living in the fastest era of innovation ever. But here's the disturbing truth about technological progress that no one wants to talk about: In the 1970s, the biggest companies built rockets, cured diseases, and made supersonic planes. Today, the most valuable companies make apps and software. Look at the difference: 1957: First satellite launched. 1969: Humans land on the moon. 1976: Planes like the Concorde flew twice as fast as today’s flights. Now? We haven’t been back to the moon in 50 years, scrapped the Concorde, and still can’t cure cancer. What happened? Peter Thiel explains it with two worlds: 1. Digital world: Apps grow fast because they’re cheap and face few rules. 2. Physical world: Building real things is slow, expensive, and full of regulations. The result? Amazing apps, but crumbling infrastructure. We need to simplify rules, support inventors, and take smart risks—or we’ll succeed online but fail in real life.

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