Because new technology is as Thiel often quips limited to the world of bits rather than the world of atoms. Paul Krugman once asked, if you go into an average house right now and you take out all the screens, could you tell that you're not in the 80s? Gordon in the Rise and Fall of American Growth gives a similar example, what if you went into a time capsule between say 1890 and 1950 compared to 1960 and 2010? In one…
I do wonder really:given a choice between having a car and having internet, what would people prefer? My guess is that many would prefer having internet access.
Many more people, at least in the US are considered walkable communities than in the recent past.