Capitalism as we know it, our competitive system of exchange propped up by oil, coal and gas monopolies, is being eclipsed by a new economic model based on clean, decentralized energy and the principles of sharing. That vision of the future was described by Jeremy Rifkin -- famed futurist, business professor, author of 20 books, TED Talks speaker, namedropper of China's Premier Li Keqiang, and advisor to the European Union -- at this week's Zero Waste Conference 2014 in Vancouver.
"By 2050, the capitalist system is going to be totally transformed," he claimed, speaking via webcast from Spain. In Rifkin's idealized future, less and less of us will own cars, toys or other consumer goods -- we'll share them instead. Ultra-efficient 3D printers will replace our wasteful factories. Oil, coal and gas will give way to solar, wind and geothermal. And all of this will be linked through an "Internet of things" that may allow us to radically lower humankind's ecological footprint.
"By 2050, the capitalist system is going to be totally transformed," he claimed, speaking via webcast from Spain. In Rifkin's idealized future, less and less of us will own cars, toys or other consumer goods -- we'll share them instead. Ultra-efficient 3D printers will replace our wasteful factories. Oil, coal and gas will give way to solar, wind and geothermal. And all of this will be linked through an "Internet of things" that may allow us to radically lower humankind's ecological footprint.