The Oregon Biz Report - Business News from Oregon

Read about accutane journal moderate acne here

America’s Great Stagflation

June 5, 2015 --

National-chamber-foundationBy Michael Hendrix,
U.S. Chamber of Commerce Foundation

Peter Thiel, the legendary co-founder of PayPal, says that the greatest threat to technological growth in America is a culture that embraces conformity. “I worry that the conformity problem is worse today than it was in the ‘50s,” said Thiel at an event hosted by the Mercatus Center. “Our culture basically dislikes technology in all its forms. It does not want change; it does not want progress.”

Thiel was being interviewed by Tyler Cowen, the chairman of Mercatus, on the future of innovation. He asserted that the uncertainty of progress breeds unease, and if allowed to linger eventually becomes a social norm. Innovation requires people willing to embrace unconventional ideas. It is for this reason that Thiel says breakthroughs in genetic science, for instance, are more likely to occur in China, India, and Israel, countries that he believes are more welcoming to change.

Print This Post Print This Post    Email This Post Email This Post

Subscribe to Weekly Updates


Top Business News


Top Women's News


Top Natural Resource News


Top Faith News


Copyright © 2015, OregonReport. All Rights Reserved. | Terms of Use - Copyright - Legal Policy | Contact Oregon Report

Stay Tuned...

Stay up to date with the latest political news and commentary from Oregon Business Report through daily email updates:

Delivered by FeedBurner

Prefer another subscription option? Subscribe to our RSS Feed, become a fan on Facebook, or follow us on Twitter.

RSS Twitter Facebook

No Thanks (close this box)