Carlota Perez on the Theory of Great Surges

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"You have irruption, which is slow development of the technology; frenzy, which is very fast development and very visible development of the technology with a lot of finance in it; turning point, where you have institutional innovation, and deployment, when you have the full flourishing of every potential across every industry until you get to a ceiling. When that ceiling is hit, there is social discontent, there is political confrontations and the conditions are set for the next technology to happen."