Peter Thiel | The Tech Curse | NatCon 3 Miami

In this monologue, Peter Thiel introduces the concept of the "Tech Curse," likening it to the natural resource curse, particularly oil, and applies this framework to analyze California's economic and political landscape. He argues that while the tech industry has generated immense wealth, it has also led to misgovernance, with resources being diverted into a corrupt government and real estate rackets, resulting in a dysfunctional state. Thiel extends his analysis to the Democratic and Republican parties, suggesting that the Democrats are overly reliant on the California model, which doesn't scale nationally, while the Republicans risk being defined solely by their opposition to California. He concludes by posing the challenge of creating a better vision for the 21st century that addresses the issues of growth, housing affordability, and competition with China, urging a move beyond mere negation of the California model.