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The good times are over, Peter Thiel tells Silicon Valley's oligarchs

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Gary Wynn
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Get ready for a fragmented net... and RAGNAROK

Peter Thiel makes a perfect modern sinister panto villain.

Technological innovation halted at the end of the 1960s, he told the FT three years ago.

And last November he offered the most quoted one-liner accounting for why the media failed to predict the election of Donald Trump.

"I think one thing that should be distinguished here is the media is always taking Trump literally," he argued.

What's surprising about Thiel's latest observations – made in Houston this week – is how much this "self-styled libertarian Big Thinker" now sounds like Steve Bannon.

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Gary Wynn
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