Have We Reached The End Of Progress? Ctd

Peter Thiel fears that innovation is slowing. Kevin Drum counters:

Above a basic level, the whole point of productivity improvements is to provide us with more fun. Facebook may show up as a smaller contribution to GDP than a nationwide chain of movie theaters, but so what? If you'd rather spend four hours a week on Facebook than fours a week going to movies, then Facebook has improved your life as much as movie theaters improved your grandparents'. If you prefer Farmville to a week in Hawaii, then Zynga has improved your life as much as the 707 improved your parents'.