In this episode of PSDtv economic theorist and author Jeremy Rifkin explains his concept of The Internet of Things. He has gained added attention through his description of the developing Collaborative Commons. The meteoric rise of this new economic paradigm is a transformative technology revolution fueled by the Cloud and Internet of Things to enable billions of people to not only produce and share their own music, videos, news, knowledge, and other virtual goods, but now also create green electricity, 3D printed products, and other physical goods at near zero marginal cost, bypassing the conventional marketplace.
Economic theorist and author Jeremy Rifkin explains his concept of The Internet of Things. We are just beginning to glimpse the bare outlines of an emerging new economic system, the collaborative commons. This is the first new economic paradigm to emerge on the world scene since the advent of capitalism and socialism in the early 19th century. So it's a remarkable historical event with long-term implications for society.