Azeem Azhar's Exponential View Bubbles, Golden Ages, and Tech Revolutions
4 snips
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.
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Post-War Boom Example
- Post-war boom exemplifies how governments direct new technologies to improve social conditions, creating a win-win.
- Government intervention spurred demand through suburbanization, homeownership, and the Cold War.
End of Golden Ages
- Golden ages end when the underlying production paradigm exhausts itself.
- The shift from high wages and cheap energy to low-cost labor and expensive energy marks this transition.
Creating a Golden Age
- Focus on smart green growth and full global development.
- Leverage information technology to reduce material consumption and promote sustainable practices.