The textile industry disruption (Luddites destroying machinery) was not just economic but involved tremendous social unrest, suggesting that even successful long-term technological transitions involve significant temporary costs that cannot be dismissed

factualpending

Speaker

Reid Hoffmann

Evidence Quote

We got through the textile mills, but there was tremendous social unrest. The English term Luddite exists because there was actual turmoil

Source

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

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