Technological Revolutions and Financial Capital
by Carlota Perez
Book Reviews
This isn't (just) some idle Twitter conjecture. Read Carlota Perez on the nature of financial booms and how they lead to new technological regimes, again and again and again. You need the irrational exuberance to get the railroad or Internet fiber network.
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In this pod, I reference Carlota Perez.
She documents a common pattern across multiple tech revolutions, going back to the age of steam, steel, & oil. A financial crash happens midway, followed by adoption.
This may just be how humans install new tech.
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