The Luddites (spelled 'Lites' in this transcript) attempted to destroy factory equipment in the mid-19th century because they were losing jobs to textile factories, but technology ultimately freed people up to do other things rather than destroying employment.

factualpending

Speaker

Peter Thiel

Evidence Quote

the the Lites tried to destroy the factory equipment in the mid 19th century because were going out of losing their jobs

Source

Reid Hoffman & Peter Thiel The Future of RevolutionsWorth Media
Created: 8/13/2026, 9:55:39 AM

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