“You have irruption, which is slow development of the technology; frenzy, which is very fast development and very visible development of the technology with a lot of finance in it; turning point, where you have institutional innovation, and deployment, when you have the full flourishing of every potential across every industry until you get to a ceiling. When that ceiling is hit, there is social discontent, there is political confrontations and the conditions are set for the next technology to happen.” Carlota Perez, expert on technology and socio-economic development