Post
Topic
Board Economics
Re: The 3rd Industrial Revolution: A Radical New Sharing Economy
by
Notcalculator
on 19/03/2018, 05:40:17 UTC
Found this gem of a lecture by Jeremy Rifkin, Professor at Wharton, Economist
---
https://www.youtube.com/watch?v=QX3M8Ka9vUA
---
Short Version

He argues that we are on the brink of a 3rd Industrial Revolution. But first, what makes an Industrial Revolution? According to him, they occur when 3 new technologies merge together. New Communications, New Power Source, New Transport logistics. When these merge, productivity increases and so does aggregate efficiency, this is what the industrial revolutions are

The 1st I.R. (Industrial Revolution) occured when the Telegram, a new power source called coal, and a new transport system (steam engine/Railroads) merged to forever change society as we know it.

The 2nd I.R. occured when the telephone/radio/TV, Oil, Cars/trucks/buses once again merged into a new platform of society.

The 3rd I.R. will occur once the Internet, renewable energy/smartgrids, new logistics (driverless cars, electric cars) all merge into the Internet of Things


my personal highlights (around 30 min in) :
"this third industrial revolution platform is designed to be distributed, not centralized. It works best when its collaborative and open and transparent, rather than closed and proprietary."

"How do we ensure privacy when everyone is connected?"

Lemme know your thoughts, whether you agree, disagree, I know it is a long watch, but I found it worth my time



It's true that we left the manufacturing sector behind a long time ago. The future seems to be pointing to the relevance of the information sector.