The Third Industrial Revolution

2018, Economics  -   21 Comments
229
5.80
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Ratings: 5.80/10from 210 users.
Storyline

The Third Industrial Revolution begins with a dire premise. The global economy will continue to exist in tatters for decades, extreme political movements will fail to deliver us from the brink, and climate change will further exacerbate our journey to extinction. The remainder of this feature-length documentary/lecture from VICE focuses on possible solutions devised by acclaimed economic theorist Jeremy Rifkin.

With insights taken from his book of the same name, Rifkin addresses a crowd of inquisitive onlookers on a variety of issues, including the need to adopt new mainstream sources of energy, communication and transportation. These are the building blocks of a modern industrial revolution, he argues, and the only hope for salvation from an oncoming economic and environmental Armageddon.

Rifkin illustrates the need for a third industrial revolution by outlining the origins of our previous two. As radical as it may seem, this new revolution is actually a natural evolution from these prior economic models.

Meaningful, long-term growth can no longer be achieved through reliance on antiquated infrastructures. The new economic model must be powered by the internet of things - digital communication, renewable energy sources and autonomous modes of transportation. This emerging infrastructure will provide the central nervous system that unites the world, drives entrepreneurism, closes the wealth divide, empowers future generations through the sharing of information, and lowers cost while enhancing productivity.

The road to a fully functioning sharing economy is not without its pitfalls. It could be hijacked by net neutrality regulations, clouded transparency and corporations who seek to undermine a democratized system through monopoly.

But the wheels are progress cannot be contained. In order to ensure survival given our current challenges, this radical new system must be enforced quickly. China and Europe are on the frontline of these efforts. They have been aggressive in their adoption of wind and solar energy, and in constructing an infrastructure that can properly manage and distribute these resources in the digital age.

Driven by Rifkin's beautifully articulated insights, The Third Industrial Revolution is a must watch for viewers who want to understand our potential for future greatness and the threats against progress that we must confront along the way.

Directed by: Eddy Moretti

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21 Comments / User Reviews

  1. Cale

    I'm an engineer and I thought the video was highly enlightening. I'm working on my corner of the IoT. I understand net system efficiency. How does my company fit in here?

  2. Peter Pan

    There are two alternatives to why the rating of this video is that low:

    1. Fake profiles with political agendas wants to discredit this video.
    2. People didn't understand what he was saying.

    1. Paula

      Peter Pan, I agree with your assessment. This documentary was wonderful. I learned a lot. I am near fifty and feel as though I am just starting to live. I wish I was younger and learning all this. He's right when he mentioned the age of being 25 and being committed to the cause and starting at 50. However, I am going to do my best. I am going to continue learning more about the digital economy and the new revolution.

  3. Barry Bozeman

    Excellent thought provoking revelations everyone should contemplate. This guy is a bridge between the power that is and the sharing distributed alternative that is to come. The reasons why Germany, Denmark, France and other European countries are moving forward so rapidly in this necessary change involve the forward-thinking elements of the currently powerful political and industrial players.

    Difficult to see why some here are offended by that. We need Mr. Rifkin's guarded optimism or we will be lost in despair. Here in the USA we have "the Chinese Hoax" and an administration that refuses to see what is and what is coming. So China and Europe will benefit from their rapid movement while the USA will fall behind. I suspect California and other western states like Oregon, Washington and Nevada will move forward to build the new grid despite the resistance from Washington DC. Hopefully, that will infect the rest of the country and I predict it will take hold in New England and New York. I also imagine my state of Tennessee will be among the last to recognize the necessity to our detriment.

    Perhaps we can move faster with some election wins this year and I hope replace the current disaster in the WH. We would benefit greatly from political leadership that understands Rifkin's message. Still the wealthiest industry on the planet - fossil fuels - is the most threatened by this new reality. Along with the military-industrial complex and desire of the 1% to hang on to their power, we are faced with powerful and intractable foes. It may take mass deaths in a climate catastrophe to shake the system away from the powers that be.

  4. James Grant

    He hit the nail on the head. It seems to me what he is saying is that sharing is the future. non-profit organizations, zero economic growth empowers the masses where historically huge economic growth enriches the few. disparity between the rich and the poor resulted. The following statement is just my initial gut reaction. Economic growth is intrinsic to two things. 1-cheap energy 2-purposeful lack of regard4children. note the pollution after decades of economic growth, that isn't regard4children is it?, when energy gets expensive the only thing that will sustain economic growth is increased lack of regard4children. He seems to be saying STOP economic growth.
    We need to ask ourselves the question. What perpetuates lack of regard4children. The answer lies in the foundation of our society, the justice system is coached by a professional code of conduct that knowingly and willingly lacks regard4children. It only has regard for its clients $$$$. This fundamental aspect of the foundation of our society has to change if we want a healthy future.

  5. Urban dweller

    What do we do? I had the worse upset stomach after eating some bar-b-que ribs. I rarely eat beef. It took almost 1 week until I felt normal. After that - I went vegan! What's that got to do with climate change? Only that we, as human beings make change under pain. I recovered from that upset stomach. But, if my health had been seriously compromised in any other way, I may not have survived. And deciding to go vegan would have been too late. That's what seems to be what's going on with climate change. Will we as earthlings come to terms with this crisis before it's too late? I don't think so. The very wealthy have built their bunkers and stored up supplies for a decade. Unless people, en mass, riot in the streets across the globe all at once and literally shut down the world economies it's going to be too late. I know it and you know it too. And even then it could be too late.

    1. James Grant

      Then do nothing and die. Don't worry be happy

    2. James Grant

      That was unfair I'm sorry

  6. Tleigh

    Awesome documentary. Loved it. What a great guy.... unfortunately the 'powers that be' won't like his message because it means less money for them... that leaves it up to us I guess. Also loved to hear how Europe and China are already well on board with these ideas...
    Pity there's not one planet for people who care about the future and one for those that couldn't care less and don't want to make any changes in their own lives because it's a bit of a hassle :-(

    1. James Grant

      Just need to focus on the things that sustain life Shelter, Air, Food and the Environment if we want to keep our children SAFE. Relax our desire for the things that enhance life (bling) like Gold, Oil and Drugs.

  7. hugh mcnab

    A relevant observation about what the present is now, and where we are going.
    Fabulous talk. We are lucky to hear those who still think originally. It's also beyond our politics of dysfuntion.
    Not for everybody to understand but open to anyone.

  8. Igor

    The rating of the film is way of. It should be at least 9.5 given that what is discussed is really happening around the world, turning a blind eye won't make it go away. I don't know what is wrong with people, they probably can't grasp what is being told so they just dismiss it.

  9. lrz0

    People that are still describing this man as a puppet for the current "greedy corporate structures" obviously didn't understand this talk. The issue is indeed quite difficult to understand, but anyone making a plea for decentralisation, distribution and peer to peer structures is obviously not doing the current "powers that be" any favors.

    1. loraine james

      I will consider your feedback here at the end of the lecture... thanks..

  10. menckensman

    Some may have noticed the poor rating given this documentary- 5.22 out of a possible 10 ! Average intelligence is so low, the many cannot grasp the existential importance of the topic, or are mentally too slothful to make an attempt to understand the issues.
    This is a grave existential obstacle, which will require extraordinary efforts and ingenuity to overcome.

  11. B. Williams

    Jeremy Rifkin has it exactly right in this lecture. Anyone who ignores this new paradigm is sabotaging themselves. What I find most hopeful is that the world that he describes is not only more prosperous, but also more just and a happier place to live.

  12. larry mc kenna

    this man hires his talents and knowledge to the EU amongst others the EU is part of the destructive greedy corporate structures so for me he speaks for them and is selling this environmental danger for the very same corporations that created environmental problems the US Military admits to controlling the weather !

    1. loraine james

      I would agree you are on the right track. These corporate global monsters are the reason for the problems . Notice they lecture but have a silenced audience where no one comments or gives feedback to his authoritative lecture.. too many people have become mice well trained gullible mice. How much were they paid to sit through his manipulative crap.

    2. Raul

      He does not deny the EU participated and benefited from the second industrial revolution. His presentation clearly stated the advances in Germany, France and others as a result of their embracing wind and solar energy. The discussion on the evident upcoming catastrophe due to climate change and the root of the problem was clear and undeniable. One can learn and understand a great deal by keeping and open mind. Your opinion is your opinion but may be worthwhile watching the presentation one more time.

  13. DR-Montreal

    Fascinating presentation and some glimmers of hope, even as I feel we are too far gone with addictions to war and petroleum to make this transition in time, The Bright Net victory over the Dark is a long shot, but I'm in.

    Why does the audience look like a group of paid actors hired out of Starbucks?

    1. loraine james

      very good question. Should have done this lecture in a university where he would have to open the floor for questions and feedback...