Summary of A World Beyond Markets

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8 Innovation

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Recommendation

The Internet democratized traditional media, and many publishers, newspapers, record producers and entertainment firms collapsed in the ensuing upheaval. Politic adviser Jeremy Rifkin explains the economic factor that led to this phenomenon and predicts that the manufacturing and energy industries are ripe for a similar overhaul. Rifkin delivers his thesis in an eloquent, accessible manner. While his ideas will intrigue a broad audience, getAbstract recommends his candid report especially to economists and to stakeholders in energy production and manufacturing.

In this summary, you will learn

  • What economic phenomenon explains the downfall of the traditional media,
  • Why energy production and manufacturing are next in line for an upheaval, and
  • Why the “collaborative commons” is an indomitable economic force.
 

About the Speaker

Political adviser Jeremy Rifkin is president of the Foundation on Economic Trends.

 

Summary

According to the theory of capitalism, producers continually seek new technologies to reduce marginal cost – “the cost of producing an additional unit of a good or service once…fixed costs are absorbed.” Thus, they can manufacture goods...

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