More or less his brain dead argument is that there is technological stagnation for the past 50 years and his solution is techno-totalitarianism, and he's ok with it because there will always be some freedom left in the human spirit. Doesn't see that stagnation comes from the infinite money spigot that completely decimates the free market of ideas. Both Theil and the interviewer look to Silicon Valley as the beacon of technological progress not noticing that it is Big Tech with their infinite money supply (they borrow at 0%) is the biggest road block to all technological innovation. What you have is unending optimization of the same tired technologies and anything possibly new gets bought up and extinguished.