Will Sharing Overtake Capitalism?
A third Industrial Revolution is under way, and it will end capitalism as we know it. That’s according to outspoken American economist and social theorist Jeremy Rifkin, whose new book, The Zero Marginal Cost Society, predicts that web-enabled automation will birth a utopian economic order that values social skills like child rearing over traditional work skills. Consumers will be free to become entrepreneurs in the sharing economy, exchanging services that machines can’t provide. The challenge will be surviving the transition from one paradigm to the next.