Economic theorist and author Jeremy Rifkin explains his concept of The Internet of Things. Rifkin's latest book is The Zero Marginal Cost Society: The Internet of Things, the Collaborative Commons, and the Eclipse of Capitalism. (It is available at; A Green Road Bookstore)
There's a paradox deeply embedded in the very heart of the capitalist market system previously really undisclosed. This paradox has been responsible for the tremendous success of capitalism over the last two centuries. But here's the irony, the very success of this paradox is now leading to an end game and a new paradigm emerging out of capitalism is collaborative commons.
Let me explain. In a traditional market, sellers are always constantly probing for new technologies that can increase their productivity, reduce their marginal costs so they can put out cheaper products and win over consumers and market share and beat out their competitors and bring some profit back to investors. So business people are always looking for ways to increase productivity and reduce their marginal cost, they simply never expected in their wildest dreams that there would be a technology revolution so powerful in it's productivity that it might reduce those margins of cost to near zero making goods and services essentially free, priceless and beyond the market exchange economy. That's now beginning to happen in the real world."
Source; description under video
There are many ways to live life, and the fiat money based model is just one of many options in the world today. Most of humanity for most of history has lived outside of this model, and it did just fine, via a collaborative village based model and a barter type system.
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Let me explain. In a traditional market, sellers are always constantly probing for new technologies that can increase their productivity, reduce their marginal costs so they can put out cheaper products and win over consumers and market share and beat out their competitors and bring some profit back to investors. So business people are always looking for ways to increase productivity and reduce their marginal cost, they simply never expected in their wildest dreams that there would be a technology revolution so powerful in it's productivity that it might reduce those margins of cost to near zero making goods and services essentially free, priceless and beyond the market exchange economy. That's now beginning to happen in the real world."
Source; description under video
SUMMARY
There are many ways to live life, and the fiat money based model is just one of many options in the world today. Most of humanity for most of history has lived outside of this model, and it did just fine, via a collaborative village based model and a barter type system.
Thanks for your generous and very appreciated support!
-------------------------------------------------------------------------------------
1 Time Donation - AGRP Online Magazine - Monthly Donation - AGRP Online Magazine
A Green Road Eco Clothing/Products Store - Shop At A Green Road Amazon Store
More ways to support A Green Road Projects - AGRP Website - Twitter - Facebook
Get Magazine Delivered To Your Email Address - AGRP App For Smartphones - Index
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End
Jeremy Rifkin; The Collaborative Commons
http://agreenroad.blogspot.com/2014/10/jeremy-rifkin-collaborative-commons.html
http://agreenroad.blogspot.com/2014/10/jeremy-rifkin-collaborative-commons.html
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