Technology is probably the single biggest driver of productivity gains for the developed countries. For example, I think it's much more important than free trade.
Peter ThielEverybody has a product to sellโno matter whether youโre an employee, a founder, or an investor. Itโs true even if your company consists of just you and your computer. Look around. If you donโt see any salespeople, youโre the salesperson.
Peter ThielA true bubble is when something is overvalued and intensely believed. Education may be the only thing people still believe in in the United States. To question education is really dangerous. It is the absolute taboo. It's like telling the world there's no Santa Claus.
Peter ThielIt is sort of a bit of a caricature of capitalism, that it's always this zero-sum game where you have winners and losers. Silicon Valley, the technology industry at its best, creates a situation where everybody can be a winner.
Peter Thiel