Technological Revolutions and Financial Capital Quotes

“The entrepreneurs of new firms as much as the management of the old (whether modernizing or not) are forced to do whatever is necessary to attract the players in the casino and then worry as much – or more – about the perfor-mance of their stock valuations as about their actual profits. Financial capital reigns arrogant and production capital has no alternative but to adapt to the
new rules; some agents with glee, others with horror.”
― Carlota Pérez, Technological Revolutions and Financial Capital: The Dynamics of Bubbles and Golden Ages

“The entrepreneurs of new firms as much as the management of the old
(whether modernizing or not) are forced to do whatever is necessary to attract
the players in the casino and then worry as much – or more – about the perfor-
mance of their stock valuations as about their actual profits. Financial capital
reigns arrogant and production capital has no alternative but to adapt to the
new rules; some agents with glee, others with horror.”
― Carlota Pérez, Technological Revolutions and Financial Capital: The Dynamics of Bubbles and Golden Ages