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You buy this? It's the EXACT same line of thinking that is thought and said every single time we are about to experience a major paradigm shift. Go back all the way to 50s and we had smart people say exact same nonsense "no new tech on horizon, you can't beat incumbents".
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Perez’s thesis is way more nuanced than that. Applied, her theory says that semiconductor+network-based innovation has entered a deployment age, and therefore good innovations now are applications of the tech. Financial capital is best applied to other emerging paradigm shifts.
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