The government used to be able to coordinate complex solutions to problems like atomic weaponry and lunar exploration. But today, after 40 years of i… - Peter Thiel

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The government used to be able to coordinate complex solutions to problems like atomic weaponry and lunar exploration. But today, after 40 years of indefinite creep, the government mainly just provides insurance; our solutions to big problems are Medicare, Social Security, and a dizzying array of other transfer payment programs. It’s no surprise that entitlement spending has eclipsed discretionary spending every year since 1975. To increase discretionary spending we’d need definite plans to solve specific problems. But according to the indefinite logic of entitlement spending, we can make things better just by sending out more checks.

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About Peter Thiel

Peter Andreas Thiel (born 11 October 1967) is a German-American billionaire entrepreneur, hedge fund manager, venture capitalist, philanthropist, political activist, and author. A co-founder of PayPal, Palantir Technologies, and Founders Fund, he was the first outside investor in Facebook.

Biography information from Wikiquote

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Alternative Names: Peter Andreas Thiel Peter A. Thiel
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Si tu producto necesita de publicidad o de vendedores para venderlo, no es lo suficientemente bueno: la tecnología se basa fundamentalmente en el desarrollo del producto, no en la distribución. Es evidente que la publicidad de la era de la burbuja fue un desperdicio, de modo que el único crecimiento sostenible es el crecimiento viral.

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