The Zero Marginal Cost Society

The Internet of Things, the Collaborative Commons, and the Eclipse of Capitalism

English language

Published Jan. 1, 2014 by St. Martin's Press.

ISBN:
978-1-137-43776-1
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3 stars (7 reviews)

The capitalist era is passing -- not quickly, but inevitably. Rising in its wake is a new global collaborative Commons that will fundamentally transform our way of life. Ironically, capitalism's demise is not coming at the hands of hostile external forces. Rather, The Zero Marginal Cost Society argues, capitalism is a victim of its own success. Intense competition across sectors of the economy is forcing the introduction of ever newer technologies. Bestselling author Jeremy Rifkin explains that this competition is boosting productivity to its optimal point where the marginal cost of producing additional units is nearly zero, which makes the product essentially free. In turn, profits are drying up, property ownership is becoming meaningless, and an economy based on scarcity is giving way to an economy of abundance, changing the very nature of society. Rifkin describes how hundreds of millions of people are already transferring parts of their economic lives …

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I'm really conflicted about this book. At times, it frustrated me so much, I wanted to put it down, but I'm glad I didn't.

On one hand, the book is riddled with passages that predict that in the future, society will do away with the market, and turn to a distributed, collaborative, peer-to-peer, laterally scaled Internet-of-Things architecture to organize economic activity. Yes, this sentence is full of buzzwords, and they are taken straight from the text. Yes, it seems as if the author is talking about computer science and the Internet, because I believe that's where the author got all this from.

The buzzwords are also often combined in this exact cavalier way, without much thought as to the specifics of how and if they can be combined. The author makes the case, for example, that since 3D-printing is part of a movement of people who make their own things …

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Subjects

  • Capitalism
  • Cost
  • Cooperation