Economic activity is no longer an adversarial contest between embattled sellers and buyers "In the distributed economy, where collaboration trumps competition, inclusivity replaces exclusivity and transparency and openness to others becomes essential to the new way of conducting business, empathic sensibility has room to breathe and thrive. It is no longer so constrained by hierarchies, boundaries of exclusion, and a concept of human nature that places acquisitiveness, self-interest, and utility at the center of the human experience."
Jeremy RifkinI think capitalism will not disappear, but it's going to increasingly not be the exclusive arbiter of economic life. It's going to have to find value in interacting with the sharing economy on many levels. And this hybrid system that's already emerging among millennials is going to be a mature system where, by midcentury, part of the day will be in the capitalist market, part of the day in the sharing economy, depending on your marginal costs.
Jeremy Rifkint century, hundreds of millions - and eventually billions - of human beings will transform their buildings into power plants to harvest renewable energies on site, store those energies in the form of hydrogen and share electricity, peer-to-peer, across local, regional, national and continental inter-grids that act much like the Internet.
Jeremy RifkinIf I were Mark Zuckerberg or any of these guys, I would say, "My God. How does the world expect us to deal with this?" I mean, it's too big a responsibility; I think they're going to welcome this. They'll maybe keep it in the private sector, but they'll welcome some form of regulatory operation because they've been so successful that they are a global, public good. Everyone needs them.
Jeremy RifkinThe revolution here is from hierarchical to lateral power. That's the power shift. So increasingly a younger generation that's grown up on the internet and now increasingly distributing renewable energies, they're measuring politics in terms of a struggle between centralized, hierarchical, top-down and closed and proprietary, versus distributed, open, collaborative, transparent. This shift, from hierarchical to lateral power, is going to change the way we live, the way we educate our children, and the way we govern the world.
Jeremy Rifkin