Here's the difficulty I have with Kondratiev waves: it really seems to take two waves to create a complete cycle. What Perez calls a "technological style" actually unfolds over two Kondratiev waves. Between the two there is a regulation crisis with some kind of "successful" resolution (although it is very hard to call WWII "successful"); and then at the end, a kind of chaotic period during which the technological style begins to change.
This text highlights relationships between different regimes of labour and how they are exploited by capital, in the context of textiles and clothes. Global inequalities are being exploited through the help of ICT and the general drive to labour saving techniques. What makes matters worse is that those participating as producers and consumers remain invisible to each other.
Industrial investment at the end of the Great Recession will likely be in the new generation of robots, used in both manufacturing and distribution.