Jeremy Rifkin: Economics

Jeremy Rifkin is American economist. Explore interesting quotes on economics.
Jeremy Rifkin: 36   quotes 0   likes

“(…) Gandhi also distanced himself from classical economic theory. Adam Smith’s assertion that it is in the nature of each individual to pursue his or her own self-interest in the marketplace and that “it is his own advantage, indeed, and not that of the society, which he has in view,” was anathema to Gandhi.54 He believed in a virtuous economy in which the community’s interest superseded individual self-interest and argued that anything less depreciates the happiness of the human race.”

Jeremy Rifkin

The Zero Marginal Cost Society: The Internet of Things, the Collaborative Commons, and the Eclipse of Capitalism (2014)

Communication , Nature , Happiness

“The ever-increasing cattle population is wreaking havoc on the earth's ecosystems, destroying habitats on six continents. Cattle raising is a primary factor in the destruction of the world's remaining tropical rain forests. … Cattle are also a major cause of global warming. … The devastating environmental, economic, and human toll of maintaining a worldwide cattle complex is little discussed in public policy circles. … Yet, cattle production and beef consumption now rank among the gravest threats to the future well-being of the earth and its human population.”

Jeremy Rifkin book Beyond Beef: The Rise and Fall of the Cattle Culture

Source: Beyond Beef: The Rise and Fall of the Cattle Culture (1992), pp. 1-2

World , Future

“For starters, the emerging zero marginal cost economy radically changes our notion of the economic process. The old paradigm of owners and workers, and of sellers and consumers, is beginning to break down. Consumers are becoming their own producers, eliminating the distinction. prosumers will increasingly be able to produce, consume, and share their own goods and services with one another on the Collaborative Commons at diminishing marginal costs approaching zero, bringing to the fore new ways of organizing economic life beyond the traditional capitalist market model.”

Jeremy Rifkin

The Zero Marginal Cost Society: The Internet of Things, the Collaborative Commons, and the Eclipse of Capitalism (2014)

Life , Way , Change

“That’s why paradigm shifts are so disruptive and painful: they bring into question the operating assumptions that underlie the existing economic and social models as well as the belief system that accompanies them and the worldview that legitimizes them.”

Jeremy Rifkin

The Zero Marginal Cost Society: The Internet of Things, the Collaborative Commons, and the Eclipse of Capitalism (2014)

Pain , Question

“The societal decision to reduce beef will profoundly affect the economics of human survival in the coming century. In the new world that is coming, millions of human beings will voluntarily choose to eat lower on the food chain so that millions of others may obtain the minimum food calories they need to sustain their lives. This grand redistribution of the earth's bounty, the most far-reaching in history, will unite the human race in a new fraternal bond. A new species awareness will begin where the rich meet the poor on the descending rungs of the world's protein ladder. The decision to eat further down on the planet's food chain will force a wholesale reassessment of the entire grain-fed meat complex ranging from factory farm chickens to hogs. The collapse of the global cattle complex will likely precipitate a chain reaction, resulting in the elimination of other grain-fed meats from the human diet. The dissolution of the commercial cattle complex will spare the rich and might help save the poor. Eliminating grain-fed beef and eating lower on the food chain will dramatically reduce the incidence of heart disease, cancer, and diabetes.”

Jeremy Rifkin book Beyond Beef: The Rise and Fall of the Cattle Culture

Source: Beyond Beef: The Rise and Fall of the Cattle Culture (1992), p. 290

World , Disease , Food , History

“The capitalist era is passing... not quickly, but inevitably. A new economic paradigm—the Collaborative Commons—is rising in its wake that will transform our way of life. We are already witnessing the emergence of a hybrid economy, part capitalist market and part Collaborative Commons. The two economic systems often work in tandem and sometimes compete. They are finding synergies along each other’s perimeters, where they can add value to one another, while benefiting themselves. At other times, they are deeply adversarial, each attempting to absorb or replace the other.”

Jeremy Rifkin

The Zero Marginal Cost Society: The Internet of Things, the Collaborative Commons, and the Eclipse of Capitalism (2014)

Life , Way , Time , Parting