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If we could lift our eyes from the financial chaos, Fleck argues, we would see that the world is at the start of a huge technological upswing.
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This is matched by developments on the supply side, following technological innovations and new capacities that emerged during the upswing phase of the super-cycle.
Whilst it is useful to think in terms of techno-economic paradigms to understand the uneven process of technological and social advancement, the main reason for the crisis and the main requirement for a new upswing are both socio-political rather than technological in nature.
The first phase was a heady upswing as successful participants—in cotton, railways, motor cars, electrical goods, petrochemicals or whatever was the technological driver of the day enjoyed fat margins, set standards, killed off weaker rivals and established themselves as leaders of the pack (today, think of Cisco, Intel and Microsoft).
The upswing continues this week.
Technological breakthrough?
Frost is on the upswing.
State is on the upswing.
C.'s upswing is remarkable.
I'm still on the upswing here".
Puerto Rico, they believe, is on the upswing.
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CEO of Professional Science Editing for Scientists @ prosciediting.com