Jeremy Rifkin sees new economy arising from Internet of Things - Action News
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Jeremy Rifkin sees new economy arising from Internet of Things

Economic and social theorist Jeremy Rifkin says the capitalist era is passing and we are on the verge of a new economic paradigm.

Beyond capitalism

11 years ago
Duration 7:26
Jeremy Rifkin explains the theory behind his book The Zero Marginal Cost Society

Economic and social theorist Jeremy Rifkin says the capitalist era is passing and we are on the verge of a new economic paradigm.

His new book, The Zero Marginal Cost Society: The Internet Of Things, The Collaborative Commons, And The Eclipse Of Capitalism argues most goods and services will soon be created almost for free.

Rifkin says a collaborative economy is rising that will challenge old-school capitalism and the kind of companies it formed. Instead, we will have workerless factories, virtual retailing and a culture of barter.

He explains his theory in a video interview with CBCs The Lang & OLeary Exchange.