Jeremy Rifkin: "The Zero Marginal Cost Society: The Internet Of Things, The Collaborative Commons, And The Eclipse Of Capitalism"

This picture taken on June 12, 2013 shows the inside view of the server hall of Facebook in the city of Lulea, some 900 km north of Stockholm, Sweden.  - (Susanne Lindholm/AFP/Getty Images)

This picture taken on June 12, 2013 shows the inside view of the server hall of Facebook in the city of Lulea, some 900 km north of Stockholm, Sweden.

(Susanne Lindholm/AFP/Getty Images)

Jeremy Rifkin: "The Zero Marginal Cost Society: The Internet Of Things, The Collaborative Commons, And The Eclipse Of Capitalism"

Economist Jeremy Rifkin argues capitalism is waning worldwide. How advances in technology and communications are creating a new economic system based on the sharing of goods and services.

Capitalism has been the dominant economic system in the U.S. for centuries. But economist and social theorist Jeremy Rifkin says a battle is under way between capitalism and a new economic paradigm. It will be drawn out and hard fought. But he predicts that capitalism will inevitably lose, existing only at the edges of economic life. In its place will be a hybrid system based on the sharing of goods and services. Rifkin argues this is being brought about by advances in technology and communications that are dramatically lowering the cost of those goods and services. A discussion about how the Internet is radically transforming our economy and way of life.

Guests

Jeremy Rifkin

president, Foundation on Economic Trends; adviser, European Union; author of "The Third Industrial Revolution," "The Empathic Civilization," "The Age of Access" and "The End of Work."

Read An Excerpt

Excerpted from "The Zero Marginal Cost Society" by Jeremy Rifkin. Copyright © 2014 by Jeremy Rifkin. Excerpted by permission of Palgrave Macmillan. All rights reserved. No part of this excerpt may be reproduced or reprinted without permission in writing from the publisher.

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