Oxide and Friends Technological Revolutions with Jerry Neumann
79 snips
Sep 18, 2025 
Jerry Neumann, a veteran investor and writer known for his insights on technological revolutions, joins the hosts to delve into Carlota Perez's fascinating framework. They explore whether AI marks a new wave or is merely the final stage of the IT revolution. Topics include the distinctions between financial and production capital, big tech's cash strategies, and the implications of regulation and social dynamics post-tech busts. Neumann's unique perspective on AI's impact and future investments fuels a lively debate, making it a compelling discussion.
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Financial vs Production Capital
- Perez frames technological waves as a shift from speculative 'financial capital' to steady 'production capital'.
- Jerry clarifies financial capital fuels frenzy and risky bets while production capital focuses on rational scaling and customer value.
Use Corporate Patient Capital Boldly
- When building inside large companies, treat the parent as a long‑horizon investor and use that to pursue ambitious, riskier projects.
- Leverage the organization's patient capital to focus on long-term value rather than quick exits.
ICT Likely In Deployment Phase
- Jerry argues the ICT wave already entered a deployment phase years ago, producing broad productivity gains.
- He points to 2010–2019 improvements in living standards as evidence the technology shifted to production use.
