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Communications of the ACM

ACM Opinion

Paypal Founders: Innovation Is Dead

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Credit: PayPal

Max Levchin and Peter Thiel are not ones to mince words: "Innovation in this country is somewhere between dire straits and dead," Levchin said at TechCrunch’s Disrupt conference this week.

"If you look outside the computer and the Internet, there has been 40 years of stagnation," said Thiel, who pointed to one of his favorite examples: transportation. "We are no longer moving faster," Thiel noted. Transportation speeds, which accelerated across history, peaked with the debut of the Concord in 1976.

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