Peter Thiel: Zero to One
Socrates in the City
00:00
Doing More With Less
In inflation adjusted dollars, it costs about 50 times as much to build a mile of subway in real dollars as it did 100 years ago. So why? I mean, you know, 50 per cent of the unions. It's a corrupt government. It's environmental rules. But yes, if you define one sort of economic definition of technology is doing more with less," he says.
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