How do we re-accelerate technology in the coming decades? Peter Thiel breaks down two different mindsets that people have. The optimists say everything is working, don't change anything. The pessimists, on the other hand, say our situation is hopeless. Since, there's nothing we can do, "just be a hipster ice cream salesman," Thiel says.
To translate these viewpoints into what our views of 'American exceptionalism' may be, Thiel says the pessimist is essentially saying that it's fine for America to be ordinary. The optimists, on the other hand, are like people "who've taken too many self-esteem classes," Thiel says. "We're the best, and we don't have to do anything."
Thile rejects both of these mindsets. "We should accept there has been stagnation," he says, "and we should find ways to fight hard" to change our prospects for the future.