Carlota Perez on how governments have brought golden ages in previous revolutions

IIPP-MOIN series. Feb 2022.

● Index:

00:00 Intro by Tamsin Murray Leach The issue in the context of the Beyond 4.0 Project
08:51 Lecture by Carlota Perez: Rejecting technological Determinism – The policy shaping of innovation towards green and inclusive economies
09:28 Which revolution 2nd 4th or 5th? Why does it matter?
14:24 The historical pattern identified by the Neo-Schumpeterians
18:34 The policy tools for financial and government shaping
27:55 Can we get to a smart, green, fair and global golden age?
31:44 Q1: Can different roles for governments and markets be clearly differentiated in each period?
34:14 Q2: What should be the role of academia?
35:40 Q3: Can we reduce high consumption to reach green? What about degrowth?
41:10 Q4: How to tackle lock-in factors that lead to path dependence?
42:31 Q5: How would you reconcile the cartel-friendly system of the German tradition with the need for creative destruction of market competition?
44:43 Q6: Property brings security. If we transition to a rental economy, how do we stop it leading to greater inequality?
46:41 Q7: How do we achieve the green transition on time when all big companies prioritise shareholder value?
47:43 Q8: What type of new institutions do we need that suit the current paradigm?
50:47 Q9: What do you say to those who hold that this time it’s different; that the information revolution is not the same as the previous ones?

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"Technology sets the stage, but does not define the outcome"