
Argues that In just a few years, millions of buildings and even cities will become energy self-sufficient, signaling the end of our reliance on fossil fuels. This transformation is already underway in Europe, where author Jeremy Rifkin serves as EU advisor on a project that will revolutionize the continent's energy supply, with Asia to follow. We even see shades of it in Texas, Colorado, and California, where electrical companies will be laying down parts of the Smart Grid over the next several years.
https://www.youtube.com/watch?v=ras_VYgA77Q
Also really dug Jeremy Rifkin's The Third Industrial Revolution: A Radical New Sharing Economy. Outlines the rollout of a possible new engineering platform consisting of free energy, satellite internet, and AI.
https://www.youtube.com/watch?v=QX3M8Ka9vUA
Keep the links coming, please. Terrific counter-programming for holiday down time ;)
Would be fun to read it again and see what predictions, if any, came true.
0: https://www.amazon.com/third-industrial-revolution-Harry-Sti...
It's probably no reflection on the rest of his thesis, but he's wrong about what was scarce in pre-agrarian societies (see 'The Original Affluent Society by Marshall Sahlins). Looks like an intriguing book though, thanks for sharing. Seems similar to the thesis of Jeremy Rifkin's 'Third Industrial Revolution' and 'Zero Marginal Cost Society' books.
As for your worst-case-scenario about crypto-currencies, replace them with over-valued real estate and we've already seen it play out at least once. The majorities (or 40% minorities in my country) who vote for fiscally conservative parties pushing austerity policies, despite all the evidence they make the problem worse not better, are desperately trying to prop up the value of their real estate investments and retirement funds. Like goldbugs and bitcoinbugs, they have an irrational fear and hatred of even mild inflation, as any inflation causes some erosion of the value of their stored wealth. This fear and hatred makes them willing to ignore the acid that austerity pours of the social fabric, and the way its gradual demolition of public services built up over generations, so it can feed the remains into barrel fires and convince itself this is "growth".
Jeremy Rifkin has written a lot of about this topic and his arguments that economists should first learn the laws of thermodynamics before being set loose on the economy.
His book, "The Third Industrial Revolution" touches on this topic quite a bit, if your interested… http://www.amazon.com/Third-Industrial-Revolution-Lateral-Tr...
This seems like the most important sentence in the article. Raising children, caring for the elderly, editing Wikipedia, free software, &c. creates huge amounts of unremunerated value. If people were freed from economic drudge work, they would have free time not only for leisure, but that kind of valuable work as well.
Japan for example has a time-based currency to coordinate elder care, but that sort of thing will always be an issue of sharing volunteer labor. http://www.bbc.com/news/uk-11657006