Revolutionary Cycles and the History of Financial Bubbles w/Carlota Perez
Welcome to Capital Account. Rising food prices, called the next crisis, threaten an economy already in a tough spot as the drought pushes agriculture commodity prices to record highs. Is this part of a bigger bust “cycle” of a natural historical trend of collapses tied to technology; a cycle where we need to hit a real rock bottom in order to move forward to a golden age? We talk to Carlota Perez, author of "Technological Revolutions and Financial Capital: The Dynamics of Bubbles and Golden Ages."