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Third Industrial Revolution

The Third Industrial Revolution: A Radical New Sharing Economy [Documentary]

March 12, 2018 by Socrates

People often ask me what is the best interview I have ever done. By now, my usual reply is that this is like asking a parent who is their favorite child. Even if most have their preferences, it is very unwise to verbalize an answer, let alone publicly, because the resulting negative impact may last a lifetime. But, despite the risks, I am willing to say that my interview with Jeremy Rifkin is definitely among the best ones I have ever done.

Rifkin is an economic and social theorist and the author of over twenty books including The Zero Marginal Cost Society, The Third Industrial Revolution and The Empathic Civilization. He is an advisor to the European Union and China as well as the principal architect of their plans for the third industrial revolution.

The Third Industrial Revolution is a comprehensive new economic vision for the world together with an on-going plan to implement it. And Rifkin puts forth a powerful argument that we need to do it quickly if we are to have any hope of minimizing the effects of climate change. This is the only comprehensive, cohesive and straight-forward “common-sense” plan that I know of, aimed at addressing climate change, creating jobs and growing the economy.

The Third Industrial Revolution: A Radical New Sharing Economy

Synopsis: The global economy is in crisis. The exponential exhaustion of natural resources, declining productivity, slow growth, rising unemployment, and steep inequality, forces us to rethink our economic models. Where do we go from here? In this feature-length documentary, social and economic theorist Jeremy Rifkin lays out a road map to usher in a new economic system. A Third Industrial Revolution is unfolding with the convergence of three pivotal technologies: an ultra-fast 5G communication internet, a renewable energy internet, and a driverless mobility internet, all connected to the Internet of Things embedded across society and the environment. This 21st century smart digital infrastructure is giving rise to a radical new sharing economy that is transforming the way we manage, power and move economic life. But with climate change now ravaging the planet, it needs to happen fast. Change of this magnitude requires political will and a profound ideological shift.

With the Internet of Things infrastructure, Big Data and analytics can be used to develop algorithms that increase productivity and dramatically lower the marginal cost to near zero in the production and distribution of an increasing array of goods and services. Today, millions of people around the world are producing and sharing things like videos, music, contributions to Wikipedia, renewable energy, homes, and automobiles.

In the sharing economy, ownership gives way to access, sellers and buyers are replaced by providers and users, social capital becomes as important as market capital, consumerism is upended by sustainability, and quality of life indicators become more important than GDP. The sharing economy can become a circular economy in which goods and services are redistributed among multiple users, dramatically reducing society’s ecological footprint.

But with climate change now ravaging the planet, the transition to a new economic era has to happen fast. Change of this magnitude requires political will and a profound ideological shift.

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      • Jeremy Rifkin on Zero Marginal Cost and the Decline of Capitalism

Filed Under: Video Tagged With: Climate Change, Global Warming, Jeremy Rifkin, Third Industrial Revolution

Jeremy Rifkin on Zero Marginal Cost and the Decline of Capitalism

June 29, 2014 by Socrates

https://media.blubrry.com/singularity/feeds.soundcloud.com/stream/209147442-singularity1on1-jeremy-rifkin.mp3

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Jeremy RifkinJeremy Rifkin is a social activist, economist, futurist and best-selling author of twenty books on the impact of scientific and technological changes on the economy, the workforce, society, and the environment. His books have been translated into more than thirty-five languages and are being used in hundreds of universities, corporations, and government agencies around the world.

In 2011, Jeremy Rifkin published the New York Times bestseller The Third Industrial Revolution, which captured the attention of the world. Mr. Rifkin’s vision of a sustainable, post-carbon economic era has been endorsed by the European Union and the United Nations and embraced by world leaders including Chancellor Angela Merkel of Germany, President François Hollande of France, and Premier Li Keqiang of China. His latest one – The Zero Marginal Cost Society, describes how the emerging Internet of Things is speeding us to an era of nearly free goods and services, precipitating the meteoric rise of a global Collaborative Commons and the eclipse of capitalism.

During our 97 min conversation with Jeremy Rifkin we cover a variety of interesting topics such as: near zero marginal cost as the deeply embedded paradox in the heart of capitalism; the dematerialization (i.e. the digitalization) of material objects; The Third Industrial Revolution and the decline of capitalism; how US and Canada are becoming outliers while Germany and China are emerging as the new leaders; Dutch Disease and the risk of being a one-trick-pony-type of an economy; decentralization of power and bitcoin; Rifkin’s biggest dream and greatest fear; AI and technological unemployment; empathy and the Turing Test…

As always you can listen to or download the audio file above or scroll down and watch the video interview in full. To show your support you can write a review on iTunes, make a direct donation or become a patron on Patreon.

 

Who is Jeremy Rifkin?

Jeremy Rifkin is the bestselling author of twenty books on the impact of scientific and technological changes on the economy, the workforce, society, and the environment. His books have been translated into more than thirty-five languages and are used in hundreds of universities, corporations and government agencies around the world.

On April 1st, 2014 Mr. Rifkin’s published his latest book, The Zero Marginal Cost Society: The Internet of Things, the Collaborative Commons, and the Eclipse of Capitalism. In 2011, Jeremy Rifkin published the New York Times bestseller The Third Industrial Revolution, which captured the attention of the world. Mr. Rifkin’s vision of a sustainable, post-carbon economic era has been endorsed by the European Union and the United Nations and embraced by world leaders including Chancellor Angela Merkel of Germany, President François Hollande of France, and Premier Li Keqiang of China. Mr. Rifkin’s other recent titles include The Empathic Civilization, The Age of Access, The End of Work, The European Dream, The Biotech Century, and The Hydrogen Economy.

Jeremy Rifkin has been an advisor to the European Union for the past decade. Mr. Rifkin also served as an adviser to President Nicolas Sarkozy of France, Chancellor Angela Merkel of Germany, Prime Minister Jose Socrates of Portugal, Prime Minister Jose Luis Rodriguez Zapatero of Spain, and Prime Minister Janez Janša of Slovenia, during their respective European Council Presidencies, on issues related to the economy, climate change, and energy security. He currently advises the European Commission, the European Parliament, and several EU and Asian heads of state.

Mr. Rifkin is the principal architect of the European Union’s Third Industrial Revolution long-term economic sustainability plan to address the triple challenge of the global economic crisis, energy security, and climate change. The Third Industrial Revolution was formally endorsed by the European Parliament in 2007 and is now being implemented by various agencies within the European Commission as well as in the 27 member-states.

Jeremy Rifkin is the President of the TIR Consulting Group LLC, comprised of many of the leading renewable energy companies, electricity transmission companies, construction companies, architectural firms, IT and electronics companies, and transport and logistics companies. His global economic development team is working with cities, regions, and national governments to develop the Internet of Things (IoT) infrastructure for a Collaborative Commons and a Third Industrial Revolution.

Mr. Rifkin is a senior lecturer at the Wharton School’s Executive Education Program at the University of Pennsylvania where he instructs CEOs and senior management on transitioning their business operations into sustainable Third Industrial Revolution economies. From 1995-2010, Mr. Rifkin taught in the Advanced Management Program at Wharton.

Mr. Rifkin’s monthly column on global issues has appeared over the years in many of the world’s leading newspapers and magazines, including The Los Angeles Times in the United States, The Guardian in the U.K., Die Süddeutsche Zeitung and Handelsblatt in Germany, Le Soirand Knack in Belgium, L’Espresso in Italy, El Mundo and El País in Spain, Kathimerini in Greece, Informatíon in Denmark, De Volkskrant in the Netherlands, Hospodárské Noviny in the Czech Republic, Wort in Luxembourg, Clarínin Argentina, and Al-Ittihad in the U.A.E.

Mr. Rifkin holds a degree in economics from the Wharton School of the University of Pennsylvania, and a degree in international affairs from the Fletcher School of Law and Diplomacy at Tufts University. Rifkin speaks frequently before government, business, labor and civic forums. He has lectured at hundreds of the world’s leading corporations as well as more than 300 universities in some thirty countries in the past four decades.

Mr. Rifkin is the founder and president of The Foundation on Economic Trends in Bethesda, MD. The Foundation examines the economic, environmental, social and cultural impacts of new technologies introduced into the global economy.

Filed Under: Featured Podcasts, Podcasts Tagged With: Jeremy Rifkin, Third Industrial Revolution

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