If you want proof that something has gone wrong in America, look at ticker tape parades.

No, really, look at ticker tape parades.

The man who makes that argument?

Peter Teal, on Uncommon Knowledge Now.

Welcome to Uncommon Knowledge, I'm Peter Robinson.

Peter Teal graduated from Stanford, then from Stanford Law School.

After joining one of the most prestigious law firms in New York City, he decided not to

practice law, returning to California where he co-founded PayPal and made the first outside

investment in Facebook.

Since then, Peter has invested in companies such as LinkedIn, Palantir, and SpaceX.

He has also become a public intellectual, speaking often about the United States and the

world.

This past autumn, he co-taught a course here at Stanford entitled Between Stagnation and

Progress.

Peter, welcome back.

Thanks for having me.

From your remarks to the Atlas Society, this past November, quote, we haven't had a

single ticker tape parade in New York City for an individual in the 21st century, close

quote.

I thought that must be mistaken.

So I looked it up.

And you were exactly right in the 21st century New York has thrown parades for groups.

...