The speaker believes that since the 1970s, there has been a stagnation in technological and scientific progress. While advancements have been made in areas like computers, internet, and AI, progress in fields such as rockets, aviation, agriculture, and medicine has stalled. The speaker attributes this stagnation to the specialization and bureaucratization of STEM fields, resulting in a lack of bold ideas and risk-taking. This stagnation is reflected in economic challenges, such as stagnant living standards and increasing debt. The speaker predicts that this trend of progress in digital technologies and stagnation in physical technologies will likely continue in the future.

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