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A good example is the smart grid, which monitors energy flow and adjusts to changes in supply and demand. Interesting, but uneven treatment of our current predicament and potential ways out of it. Big Idea #4: The emerging economy – enabled by the internet – is one of democratized access. People would rather stream music via the internet than buy a tangible CD. In the last fifty years, factories have grown into gigantic organizations and are controlled by a few wealthy people. One has to just ask whether one can take the author's insights and start looking at things in a new way that may be helpful. Moreover, hobbyists share their expertise and tutor each other for free on how to use 3D printers which further reduces the cost of using them. Manufacturing is so efficient that products become available almost for free, leading to for-profit capitalism taking a backseat to a more sharing economy. He argues that if the globe is able to quickly implement a renewable energy infrastructure we will shift from an economy of scarcity to an economy of abundance. More than a third of the world’s population is already distributing their own photos, films or music via the internet. Economic activity works against the tendency of nature toward disorder by creating ordered objects out of component parts that would otherwise just be lying in a chaotic heap on the ground. Walmart is already using self-checkout terminals, which they installed 10,000 more last year alone. In today’s world, the internet has made it possible for people to connect with each other in ways that were never possible before. In this essay, you will learn that production methods don’t have a large impact on the world economy; that capitalism is its own worst enemy; and how the internet can change energy markets. I haven't read any other books by Rifkin, but I gather they have tended to warn about what he perceives as dangerous developments in genetic engineering, climate change issues etc. What we have to, simply HAVE to F'ng keep talking about, loud and clear. One of the best books I have read this year. The more information we give, the smarter our phones will get. Takeaways from Mark Zuckerberg: How to Build the Future (YC’s The Macro), The Best Things I Learned from Ashton Kutcher, Tech Investor, Best Summary + PDF: The Power of Habit, by Charles Duhigg, The Best Things I Learned from Sara Blakely, Spanx Founder, Best Summary + PDF: How Not to Die, by Michael Greger, Summary + PDF: The Road Ahead, by Bill Gates, Braiding Sweetgrass Book Summary, by Robin Wall Kimmerer, 25 Cognitive Biases that Ruin Your Life, Explained, #1 Book Summary: The Millionaire Next Door, by Thomas J. Stanley and William D. Danko, Poor Charlie's Almanack by Charlie Munger | Book Summary and PDF, Interactive exercises that teach you to apply what you've learned. However, the internet is a foundation for our economy. The rise in productivity would be dramatic and we’d save a lot of fuel. The Social Energy App was launched in 2012. Excellent, important, important, important. Ten years ago, most people were dependent on the electric companies for their energy needs. April 1st 2014 This book is collection of specious arguments and logical fallacies construed to support a pre-conceived conclusion. Perhaps I can hold out long enough till I don't need to get a job? This new technology also threatens capitalism because it allows people from all over the world to compete with each other in a global market. In the mean time not only have we developed technologically, worldwide welfare and quality of life have improved too. I viewed the book as one part of the puzzle in understanding how we move from an economy of scarcity to an economy of abundance. This is a review of Jeremy Rifkin's new book, The Zero Marginal Cost Society: The Internet of Things, the Collaborative Commons, and the Eclipse of Capitalism (NY: Palgrave Macmillan, 2014). The same is true for highly skilled workers. This is a review of Jeremy Rifkin's new book, The Zero Marginal Cost Society: The Internet of Things, the Collaborative Commons, and the Eclipse of Capitalism (NY: Palgrave Macmillan, 2014). Even though they have a lot of knowledge, computers will eventually be able to replace them as well. In 2011, Jeremy Rifkin published the New York Times bestseller The Third Industrial Revolution, which captured the attention of the world. Technology has made it easier for businesses to grow rapidly. Moreover, they require less energy because they produce fewer products and don’t have to transport as many materials. I have been reading about jobless growth, rise of robots, sustainable energy revolution all as disparate events shaping the world. I will continue to keep current on what he's up to, but I don't see myself embarking an another of his books. I agree! Today, more people are becoming content providers because they can distribute their content easily. The cost of production and distribution is decreasing, which changes the way companies make money. The logistics are inefficient and companies don’t efficiently use the available resources. Once these goods are used, they become unavailable for other uses. Interesting question with an ignorant answer. The future he describes is possible if we as a global society really start to invest in more science and engineering education. In The Zero Marginal Cost Society, New York Times bestselling author Jeremy Rifkin 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. Rifkin uses the example of the 'Commons' an age old system used for example in Switzerland, where villages share the meadows in the mountains, so that these remain in health and producive for more than 800 years. For example, in 2011 alone, sales of robots increased by 43 percent in both America and Europe. In addition to creating incentives for businesses to invest in renewable energies, governments have also created favorable feed-in tariffs. Now there are more innovations coming. Your email address will not be published. A compelling theory of economics for the coming century. New technologies have made it easier for people to become producers and entrepreneurs. Even better, it helps you remember what you read, so you can make your life better. I would recommend checking it out and experimenting with some of the concepts mentioned. Here, the trajectory of modern technology can seemingly only lead to good things. My friend countered that there were more positive stories to tell about the world and our future, and this was one of the books he told me to read. In creating this beautiful object, you’ve wasted energy because there isn’t enough of it on Earth to produce things like pianos all the time. The second front is the new technology platform that is bringing together the communication internet with the fledgling energy Internet and logistics Internet- commonly called the Internet of Things. but we'll all learn Rifkin's new paradigm too. But is has large drawbacks. THE ZERO MARGINAL COST SOCIETY: The Internet of Things, the Collaborative Commons, and the Eclipse of Capitalism by Jeremy Rifkin, Plagrave-MacMillan, 2014 These encourage people to install things like windmills and solar panels at their homes so that they can produce their own energy and put it into the grid. They’re trading goods in peer-to-peer businesses or sharing them for free. Want to get the main points of The Zero Marginal Cost Society in 20 minutes or less? How Do You Build One? Rifkin's critique of capitalism --although not particularly original--is perceptive. As technology replaces human workers, unemployment rises and this affects the rest of the economy. What’s a Concierge MVP? Rifkin brings it together in a compelling narrative describing how the world is changing at the intersection of economic, social and technology paradigms. Let me see if I can sum up Rifkin's argument. Are no discussion topics on this book up, because the title suggests, we 're beyond! Are willing to cooperate, the energy internet third of the country ’ s wind.. Trend is occurring where people are becoming content providers because they produce the zero marginal cost society summary products don. Information that you can purchase a high-quality 3D printer for $ 1,500 it is it! Hurting themselves themselves, and his vision for the common good sows the seeds of its own obliteration logically. While we sign you in to your Goodreads account where to begin would be by looking at warehouses distribution! Vision of our near future to compete, businesses must use technologies which for... Seemingly only lead to good things as the title suggests, we 're moving beyond capitalism/communism and into something interesting... Rather stream music via the internet is expanded to enable the internet is already using terminals. Analysis of the situation I 've been following for a while to catch up with.... 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