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Watch “Jeremy Rifkin on the Fall of Capitalism and the Internet of Things” on YouTube Published on Apr 22, 2014 Economic theorist and author Jeremy Rifkin explains his concept of The Internet of Things.
This article is great is a great insight into the benefits of creating strong social infrastructures that can lead to a generative democracy with citizens more engaged in their realities to expand governance towards collective intelligence. How can we do this in zena? Hopefully we can begin to answer this question at the biennale della prossimita next week....
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Radical new economic system will emerge from collapse of capitalism - Jo Confino
Radical new economic system will emerge from collapse of capitalism - Jo Confino #LibertarianHippie
At the very moment of its ultimate triumph, capitalism will experience the most exquisite of deaths.
This is the belief of political adviser and author Jeremy Rifkin, who argues the current economic system has become so successful at lowering the costs of production that it has created the very conditions for the destruction of the traditional vertically integrated corporation.
We are seeing the final triumph of capitalism followed by its exit off the world stage and the entrance of the collaborative commons
This is what political adviser and author Jeremy Rifkin predicts. Rifkin has advised the European Commission, the European Parliament and heads of state, including German chancellor Angela Merkel.
No one in their wildest imagination, including economists and business people, ever imagined the possibility of a technology revolution so extreme in its productivity that it could actually reduce marginal costs to near zero, making products nearly free, abundant and absolutely no longer subject to market forces.
There's an institution in our life that we all rely on every day that provides all sorts of goods and services that have nothing to do with profit or government entitlement and without it we couldn't live and that's the social commons. There's millions of organisations that provide healthcare, education, ministering to the poor, culture, arts, sports, recreation, and it goes on and on.
This isn't considered by economists because it creates social capital which is essential to all three of the internets, but doesn't create market capital. But as a revenue producer, it's huge and what's interesting is it's growing faster than the GDP in the private market system.
Read about the creation of the Collaborative Commons.
