Oct 9, 2014

"We live in a financial, capitalistic age, we do not live in a scientific or technological age,"

Computerworld -- Though it seems as if we're surrounded by innovative products, services and technologies, there's a growing counter argument that we're living in a dismal era. Science is hated. Real technological progress has stalled. And what we call innovation today really isn't very innovative.

Peter Thiel, a co-founder of PayPal, billionaire investor and author, is among those challenging the notion of innovation and progress. Thiel, who earned undergraduate and law degrees at Stanford University, spoke at the Gartner Symposium/IT this week about why the march of progress seems to have stalled.

"We live in a financial, capitalistic age, we do not live in a scientific or technological age," said Thiel. "We live in a period were people generally dislike science and technology. Our culture dislikes it, our government dislikes it."

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