Thiel tells Schmidt: 'Google is out of ideas' | Business Updates |

Google Chairman Eric Schmidt and super-investor Peter Thiel took aim at each other over the seemingly benign topic of the role of technology in society on the opening night of the Fortune Brainstorm Tech conference, with moderator Adam Lashinsky of Fortune attempting to moderate, often in vain.
Schmidt opened the dialogue with a predictably optimistic take on how technology and access to information has increased productivity and quality of life worldwide. Thiel responded by commending Schmidt for “doing a fantastic job” as “minister of propaganda” for Google.

And it was downhill from there ...