The Zero Marginal Cost Society
The Internet of Things, the Collaborative Commons, and the Eclipse of Capitalism
by:
Jeremy Rifkin
in:
Social Theory
Summary:
The book explores the rise of the Internet of Things, which enables a new economic paradigm where the marginal cost of producing additional units of goods and services could potentially drop to zero, leading to the spread of collaborative commons and the diminishing role of traditional capitalism. It discusses the potential for a future where the sharing economy and sustainable practices could supplant market-based systems as the dominant economic model.
Key points:
1. Zero Marginal Cost: Technological advances are making it cheaper to produce goods, disrupting traditional profit-based business models.
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