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The long wave theory proposed by Russian economist Kondratiev in the early 20th century seems particularly peculiar in 2026. This economic fluctuation model, with a cycle of 50-60 years, appears to be a key to interpreting the current world.
The Kondratiev cycle is divided into four stages: recovery, prosperity, recession, and depression. We are currently in the transition phase from depression to a new technological cycle. History shows that these major cycle transition points are often accompanied by intense social upheaval.