Azeem Azhar's Exponential View Bubbles, Golden Ages, and Tech Revolutions
Oct 16, 2019
Celebrated economist and author, Carlota Perez, joins Azeem Azhar to discuss the nature of techno-economic paradigm shifts and the potential for a new Golden Age. They delve into topics such as the new welfare state, the impact of universal basic income on innovation, and the progress towards stakeholder capitalism. They also explore rethinking capitalism, the dimensions of global development, and the expansion of universities in developing countries. Exciting insights on the intersection of technology, economics, and social progress.
AI Snips
Chapters
Transcript
Episode notes
Technological Revolutions
- Technological revolutions exhaust themselves, leading to new revolutions.
- Each revolution establishes infrastructure, guides innovation and profitability, and changes lifestyles.
Stages of Revolution
- Technological revolutions have common stages: experimentation, bubble, collapse, and recession.
- The current revolution experienced two bubbles: a tech bubble and a financial globalization bubble.
Recessions and Turning Points
- Recessions expose the negative consequences of the installation period like inequality and job losses, leading to unrest.
- This unrest creates a turning point where new solutions using the installed technologies are sought.