February 15, 2020

PETER THIEL: Back To The Future. “When Boeing introduced its flagship 707 jet airliner in 1958, the power to cruise at 977 kilometers per hour did more than enable routine transcontinental commercial flights. It fed the optimistic self-understanding of a society proud to have entered the Jet Age. More than sixty years later, we are not moving any faster. Boeing’s latest plane, the 737 MAX, has a cruising speed of just 839 kilometers per hour—to say nothing of its more catastrophic limitations. The since-retired 707 was a success. The new MAX looks like a failure.”

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