He’s impressed by fracking: “What’s very striking is that on some level I think fracking represents a bigger economic form of progress for our society as a whole than the innovation in Silicon Valley.”
Globalization and Trump: The onstage discussion was light on Trump, but Thiel riffed on what he sees as the political forces at play today. “I think the tide on globalization is just going out in a pretty big way,” he said, noting trends on immigration policy, trade, and more. Asked if Trump’s election was partly a rebellion against globalization, Thiel said he’s “definitely inclined to think of it in those terms.”
A “bull market in politics” has arrived: Thiel credited a colleague for having that view, and said he’s come around to the idea.
“I am not sure this is a good thing, but it is a fact that maybe politics is becoming more important and more intense, the range of outcomes is becoming greater.”
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