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The Zero Marginal Cost Society: The Internet of Things, the Collaborative Commons, and the Eclipse of Capitalism Hardcover – April 1, 2014


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Product Details

  • Hardcover: 368 pages
  • Publisher: Palgrave Macmillan Trade (April 1, 2014)
  • Language: English
  • ISBN-10: 1137278463
  • ISBN-13: 978-1137278463
  • Product Dimensions: 9.6 x 6.3 x 1.2 inches
  • Shipping Weight: 1.2 pounds (View shipping rates and policies)
  • Average Customer Review: 4.2 out of 5 stars  See all reviews (45 customer reviews)
  • Amazon Best Sellers Rank: #15,955 in Books (See Top 100 in Books)

Editorial Reviews

Review

“Admirable in its scope...what makes The Zero Marginal Cost Society worth reading is its audacity, its willingness to weave a vast string of developments into a heartening narrative of what our economic future may hold for the generations to come. You can call it naive, but it’s much more than that. It's hopeful."—Fortune

 

“A thought-provoking read that pushes some of the most important new technologies to their logical–and sometimes scary–conclusions…The value of this book… doesn't lie in the accuracy of its specific forecasts, but rather in the extrapolations of current trends that enable Rifkin to reach them. If Rifkin’s predictions have value... it is in bringing home the extent of the technologically induced upheaval that may lie ahead. How we deal with the consequences is up to us. A grand unifying theory of [Rifkin’s] thinking over four decades.” —The Financial Times

 

"[An] illuminating new book…Rifkin is very good on the historical origins of the giant, vertically integrated organizations that dominated the 20 Century economy. [He] makes a powerful case that from a longer-term perspective, it is these giant hierarchies that are the anomalies of economic history. The shredding of vertical value chains, the creation of vast new horizontal value chains, and the social change of people preferring access to ownership…bring massive economic and social changes to business and society, the implications of which [are] only beginning to be glimpsed. For Rifkin, the shifts are positive and huge.”—Forbes

“Jeremy Rifkin offers an ambitious and optimistic image of how a commons-based, collaborative model of the economy could displace industrial capitalism when the economic and social practices of the Internet are extended to energy, logistics, and material fabrication. Even skeptical readers, concerned with the ubiquitous surveillance and exquisite social control that these same technologies enable, should find the vision exhilarating and its exposition thought provoking.”—Yochai Benkler, Harvard Law School
 
“This breathtaking book connects some of today's most compelling technology-driven trends into a five-hundred-year spiral from commons to capitalism and back.  Rifkin has produced an intellectual joyride that takes us to the threshold of a new economic order.”—Kevin Werbach, the Wharton School

“The Zero Marginal Cost Society confirms Jeremy Rifkin as the peerless visionary of technological trends. The future arrives only to fill in the sketches that Rifkin so ably draws. I highly recommend this book as a cure for those who are perplexed about the future of technology.”—Calestous Juma, John F. Kennedy School of Government, Harvard University
 
“In his latest work, Jeremy Rifkin turns his gaze on the world in which almost everything has a marginal cost approaching zero, asking what the implications are for our economy and the environment. Rifkin’s radical conclusions—foretelling the eclipse of our current economic system and the rise of the "collaboratists"—will make this one of the most discussed books of the year.”—James Boyle, the Center for the Study of the Public Domain, Duke Law School

“Jeremy Rifkin takes us on a whirlwind tour of our past and future, making the undeniable case for our growing, global collaborative destiny. I dare you to read this book and not rethink your future!”—Lisa Gansky, author of The Mesh: Why the Future of Business is Sharing

"A comprehensive exploration of the implications of anyone being able to make anything"—Neil Gershenfeld, Director, MIT Center for Bits and Atoms

“An amazing work…This insightful, surprising, and practical book helps us understand how the emerging Internet of Things is driving extreme productivity, the rush to a near zero marginal cost society, and the rise of a new economic paradigm. Rifkin solves the puzzle of what companies, nonprofit organizations, and governments need to do to reposition themselves on the new Collaborative Commons. The book is a must read for every citizen and decision maker.”—Jerry Wind, the Wharton School

“Free-market traditionalists have trouble recognizing that the future of governance and economics lies with the Commons—a world of collaboration, sharing, ecological concern and human connection.  Jeremy Rifkin deftly describes the powerful forces that are driving this new paradigm and transforming our personal lives and the economy. A highly readable account of the next big turn of the wheel.”—David Bollier, author of Think Like a Commoner: A Short Introduction to the Life of the Commons

"Brilliantly tackled…Rifkin describes how the dramatic lowering of transaction, communication, and coordination costs allow the global scaling of small group dynamics, fundamentally changing the choices that humanity can make for its social organization. Read it, rejoice, and take action to build the new world in which the market and the state are not destroying the commons, but aligned with it."—Michel Bauwens, Founder, P2P Foundation

"Jeremy Rifkin has always been ahead of the curve. In The Zero Marginal Cost Society, Rifkin takes us on a journey to the future, beyond consumerism to "prosumers" who produce what they consume and share what they have on a Collaborative Commons, a contemporary expression of Gandhi's "Swadeshi.” His down to earth vision of democratizing innovation and creativity on a global scale, for the wellbeing of all, is inspiring and, equally important, doable.”—Vandana Shiva, Environmental Activist and recipient of the Right Livelihood Award

About the Author

Jeremy Rifkin, one of the most popular social thinkers of our time, is a bestselling author whose 20 books have been translated into 35 languages. Mr. Rifkin is an advisor to the European Union and to heads of state around the world and a lecturer at the Wharton School’s Executive Education Program at the University of Pennsylvania.


More About the Author

One of the most popular social thinkers of our time, Jeremy Rifkin is the bestselling author of The European Dream, The Hydrogen Economy, The Age of Access, The Biotech Century, and The End of Work. A fellow at the Wharton School's Executive Education Program and an adviser to several European Union heads of state, he is the president of the Foundation on Economic Trends in Bethesda, Maryland.

Customer Reviews

Interesting, readable, enlightening, provocative.
R. M. Brown
He uses real data from today and real emerging technologies of today to demonstrate a set of trends that extrapolate to a very different future.
Byron Mccormick
This is a MUST read for anyone concerned with the future.
Shaikha Al-Hashem

Most Helpful Customer Reviews

36 of 40 people found the following review helpful By Marrena Lindberg on April 5, 2014
Format: Hardcover
I tore through this book. Rifkin makes a convincing case that capitalism will inevitably decline in the next forty years due to a number of forces driving down marginal costs: the Internet, nearly free and abundant distributed solar and wind energy, improved AI and robotics, 3D printing in plastic and metal, and his pet hobby horse--improved shipping and logistics with smart sensors embedded in packaging, sort of an uber-GPS to track goods. His writing is somewhat repetitive and heavy on the talking points, but he really shines with his historical argument showing how the last two Industrial Revolutions changed society and how something similar is happening now.

Whether you believe what he says or not, clearly the powers that be believe it. It explains so many things happening in the economy right now--the ferocity of multinational corporations fighting against change is explained--they are not fighting merely from avarice, but for their very survival. It also explains why banks and hedge funds are focusing less on investing in stocks, and more on commodities and land, especially farmland.

What I found shocking about the book was his optimistic attitude about the effects on the general population. If all private sector jobs disappear and marginal costs approach zero for goods and services, yes, it will make it nearly free to buy things and heat our homes, but there are some things that will remain scarce, important things--land and food. If anything, food will become more scarce due to global warming. Sure we can share cars and lawnmowers, and sell things we make on Etsy, but we fundamentally need a place to stay and food to eat, and those things cost money. With no jobs left, are we all to become subsistence farmers, those of us lucky enough to have access to land? We will have fancy, nearly free toys and abundant renewable energy but we all need to eat every day. Are we looking at post-modern feudalism?
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11 of 11 people found the following review helpful By Raymond O'Connor Farrish on May 12, 2014
Format: Hardcover Verified Purchase
During my 30 years of teaching economics at the university level, I preached that any economist or student of economics should read, study, and thoroughly understand, in their entirety, three books: "Wealth of Nations," by Adam Smith, "Das Kapital," by Karl Marx, and, "The General Theory of Employment, Interest and Money," by John Maynard Keynes.. Were I still teaching today, I would add a fourth book to that list: Jeremy Rifkin's, "The Zero Marginal Cost Society."
Like Smith, Marx and Keynes, Rifkin has provided a penetrating analysis of the world's political economy as it existed during his/their times, explaining its motivating forces, and offering a convincing prediction of its future path, including potential problems and possible solutions thereto. As the book's title implies, Rifkin's analysis offers great hope for future progress in the human condition. This is a book that will be read and studied by students of economics for many years to come.
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3 of 3 people found the following review helpful By Ravi Morey on May 2, 2014
Format: Kindle Edition Verified Purchase
Jeremy Rifkin has written the perfect counterpoint to Thomas Piketty's "Capital in the Twenty-first Century". He argues for an optimistic outlook for the rest of this century while Thomas Piketty argues for a pessimistic vision. I believe Jeremy Rifkin is right. Thomas Piketty is completely correct about the past. However, the past is an extremely imperfect guide to the future. For example, in the early nineteenth century, David Ricardo and Thomas Malthus believed the mass of the population would always live at the margin of subsistence. Such had always been the case until their time. However, the subsequent two centuries witnessed an extraordinary rise in the standard of living of the masses. The reason for this rise was the dramatic acceleration of technological progress, including the technology of birth control. Similarly, Jeremy Rifkin is predicting that various new technologies (internet, 3-D printing, renewable energy sources, genetic engineering) will lead to zero or near zero marginal costs and therefore to the disappearance of profits and concomitantly, of capitalism. A new system he calls the "Collaborative Commons" would replace the current capitalist system. This optimistic scenario is far more likely to come to pass than any return to the nineteenth century.
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2 of 2 people found the following review helpful By Peter Lanius on June 1, 2014
Format: Kindle Edition Verified Purchase
In the 19th and 20th century the battlelines in ideology were between the left and the right, socialism and capatalism and they were over the ownership of the tools of production. Rifkin's book argues that this battle will become irrelevant in the very near future, as the marginal cost of production for most goods and services will approach zero.
He goes into the history to show how our world views have changed over time and how the dominant ideology of today would have been inconceivable in the 16th century. He then argues that even though a zero marginal cost society might still seem inconceivable at the moment, it is around the corner and already in place in some industries (news, music, software etc.). He extrapolates the trends that are in place and illustrates how exponential growth in key technologies will remake what he calls the 'energy/communication matrix' which forms the basis of each evolution of society.
This book is much more comprehensive in its treatment of the technological evolution than 'The Lights in the Tunnel' or 'Race Against the Machine', although it draws the same conclusions - we are entering a world of abundance and zero marginal cost which will render both mass-production and mass-consumption obsolete as we will favour sharing over ownership and become prosumers, not just consumers.
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