best podcasts of 2019

Eric Schmidt and Peter Thiel – Fortune Magazine Debate

Key Takeaways

  • Smartphones are a supercomputer in the palm of your hand
    • Soon, everyone in the world will have access to the internet, thus having access to all of the world’s information – and in their own language!
  • A lot of innovation is prohibited because of governmental regulation
  • There was a tech bubble in the 90s, a housing bubble in the 00s, and now there’s a bubble in education
    • Education costs have increased by 300% since 1980, but it’s not clear if quality has gone up at all
      • Millennials are becoming indentured servants with the amount of students debt they owe

Intro

  • Peter Thiel (@peterthiel) is an entrepreneur, venture capitalist, and philanthropist. He is a co-founder of PayPal, Palantir Technologies, and Founders Fund.
  • Eric Schmidt (@ericschmidt) is known for being the Chairman of Google from 2001 to 2011, Executive Chairman of Google from 2011 to 2015 and executive chairman of Alphabet Inc. from 2015 to 2017
    • Check out the Podcast Notes from Eric’s appearance on The Tim Ferriss Show

The Benefits of Technology

Eric Schmidt’s Thoughts

  • In the past 20-30 years, technology has brought a couple of billion people up from significant poverty to lower middle class
    • Soon, everyone in the world will have access to the internet, thus having access to all of the world’s information – and in their own language!
  • Smartphones may not seem like much, but they’re actually supercomputers in the palm of your hand
  • Even though people are living healthier and longer lives, most still choose to retire around the same age – 65 or so
  • The Arab Spring was a result of a long history of repression (they regulated TV, telephones, etc. – but they couldn’t regulate the internet) – once information was available and could spread easily, people were able to demand better rights and leaders
  • Two things that will change the world: Globalization and automation
    • Many jobs will be affected by these two revolutions
    • The solution? – Education

Peter Thiel’s Thoughts

Preview:

Key Takeaways

  • Smartphones serve are a supercomputer in the palm of your hand
    • Soon, everyone in the world will have access to the internet, thus having access to all of the world’s information – and in their own language!

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Notes By Alex Wiec

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