Thiel ignores---perhaps deliberately, given his political leanings---the most obvious explanation for the paradox of technological progress without economic growth: that a rising economic tide doesn't necessarily lift all boats. He acknowledges 'a trend towards greater inequality' but doesn't pause to consider whether the fruits of economic progress are being sucked up by the wealthiest 1%, and that is why the rest see economic stagnation while (as he also acknowledges) corporate profits rose as a percent of GDP.