Kondratieff Wave

The Kondratieff Wave is an economic theory that states that Western capitalist economies are susceptible to extreme performance volatility as they expand and contract over the years. Unlike what is referred to as the business cycle, the Kondratieff Wave holds that these fluctuations are in fact part of a much longer cycle periods known as “super cycles” that last between 50-60 years or longer depending upon factors such as technology, life expectancy, etc. and thus must be examined over their entirety to be best understood. 

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[Karl the Depression Aid Guy]

Eventually, though, prices stabilize and the economy recovers, beginning a period of selective expansion that normally lasts nearly a decade. Referred to as the secondary plateau, the expansion persists, giving the impression that "things are like they used to be," but its anemic nature eventually takes its toll as conditions within the economy never reach the dynamic state that occurred during the upwave.

[Chicago bankruptcy lawyer]

The industrial society we live in had, for a long time, the notion that good ideas work and make money and bad ideas don’t work and the organisation loses money.