Productivity
The more you eliminate the inefficient use of information, the better it is for productivity.
Productivity and the growth of productivity must be the first economic consideration at all times, not the last. That is the source of technological innovation, jobs, and wealth.
Productivity is never an accident. It is always the result of a commitment to excellence, intelligent planning, and focused effort.
Engineering or technology is all about using the power of science to make life better for people, to reduce cost, to improve comfort, to improve productivity, etc.
The most important impact on society and the world is the cell phone. Cell phones have actually been one of the primary drivers in productivity improvements.
The information age has made Thiel rich, but it has also been a disappointment to him. It hasn't created enough jobs, and it hasn't produced revolutionary improvements in manufacturing and productivity. The creation of virtual worlds turns out to be no substitute for advances in the physical world.
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