Carlota Perez, the keynote speaker to address FTTH Council’s conference in Milan earlier this month, made a very simple yet powerfull observation. Looking back to all 5 major industrial revolutions periods she divides each revolution era in two consequtive periods, one financially led and one production-led. The two periods are divided (or perhaps, more accurately linked) by a period of instability and recession. According to Mrs. Perez, we are currently going through the mid period before the production boom of the Internet revolution, having already experienced the finance-led overinvestment of previous years.
If you want to hear her talking about this in a distinctly persuasive argumentation see the video below, which I tracked on Total Telecom’s web site.
