On 12th January 2013 The Economist ran a piece ‘Has the ideas machine broken down?’.
The briefing said ‘a small but growing group of economists reckon the economic impact of the innovations of today may pale into comparison with those of the past…’. It went on ‘As Mr Thiel and his colleagues at the Founders Fund, a venture-capital company, put it “We wanted flying cars, instead we got 140 characters”’.
We asked eight entrepreneurs if they shared the pessimism.