Postcapitalism?

‘Postcapitalism. A Guide to Our Future’, by Paul Mason. Allen Lane.

In his new book Channel 4 journalist and one-time Trotskyist Paul Mason begins by explaining the periodic growth and contraction of the capitalist economy by Kondratieff wave theory.

Kondratieff waves are named after the Soviet-era Russian economist (shot under Stalin) who imagined a 50-year periodicity in capitalist economic activity, and who then concluded that each economic cycle reflected the advent, adoption, flourishing and demise of its age’s defining technology.