“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.”

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

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "For starters, the emerging zero marginal cost economy radically changes our notion of the economic process. The old par…" by Jeremy Rifkin?

Jeremy Rifkin18

American economist 1945

Related quotes

“Getting to near zero marginal cost and nearly free goods and services is a function of advances in productivity. Productivity is “a measure of productive efficiency calculated as the ratio of what is produced to what is required to produce it.” If the cost of producing an additional good or service is nearly zero, that would be the optimum level of productivity.”

Jeremy Rifkin (1945) American economist

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

“Like it or not, giant, vertically integrated corporate enterprises were the most efficient means of organizing the production and distribution of mass produced goods and services. Bringing together supply chains, production processes, and distribution channels in vertically integrated companies under centralized management dramatically reduced transaction costs, increased efficiencies and productivity, lowered the marginal cost of production and distribution, and, for the most part, lowered the price of goods and services to consumers, allowing the economy to flourish. While those at the top of the corporate pyramid disproportionately benefited from the increasing returns on investment, it’s only fair to acknowledge that the lives of millions of consumers also improved appreciably in industrialized nations.”

Jeremy Rifkin (1945) American economist

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

“In the network economy, producing and consuming fuse into a single verb: prosuming. Since a relationship involves two members investing in it, its value increases twice as fast as one's investment.”

Kevin Kelly (1952) American author and editor

Out of Control: The New Biology of Machines, Social Systems and the Economic World (1995), New Rules for the New Economy: 10 Radical Strategies for a Connected World (1999)

“What defines Web 2.0 is the fact that the material on it is generated by the users (consumers) rather than the producers of the system. Thus, those who operate on Web 2.0 can be called prosumers because they simultaneously produce what they consume such as the interaction on Facebook and the entries on Wikipedia.”

George Ritzer (1940) American sociologist

Source: Globalization - A Basic Text (2010), Chapter 10, High-Tech Global Flows and Structures, p. 290

“The relationship of the suppliers and users of knowledge to the knowledge they supply and use is now tending, and will be increasingly tend to, to assume the form already taken by the relationship of commodity producers and consumers to the commodities they produce and consume--that is, the form of knowledge.”

Jean-François Lyotard (1924–1998) French philosopher

Source: The Postmodern Condition: A Report on Knowledge (1977), p.5

“We have no more right to consume happiness without producing it than to consume wealth without producing it.”

George Bernard Shaw book Candida

1890s
Source: Candida, Act I (1898)

“It has been shown that, in contrast to everything which classical national economy has hitherto taught, not the producer but the consumer is the ruling factor in economic life.”

Hjalmar Schacht (1877–1970) German politician

As quoted Nazi Conspiracy and Aggression (1946) by the United States Department of State, Vol. 2, p. 746.

“Knowledge is and will be produced in order to be sold, it is and will be consumed in order to be valorized in a new production…”

Jean-François Lyotard (1924–1998) French philosopher

Variant: Knowledge is and will be produced in order to be sold, it is and will be consumed in order to be valorized in a new production...
Source: The Postmodern Condition: A Report on Knowledge (1977), p.4

“The state has an active role to play in ensuring that there is equilibrium between the constituent parts of the economy, the consumers and the producers.”

Pierre Trudeau (1919–2000) 15th Prime Minister of Canada

Part 3, 1974 - 1979 Victory And Defeat, p. 189
Memoirs (1993)

“On a second front, a powerful new technology platform is developing out of the bowels of the Second Industrial Revolution, speeding the central contradiction of capitalist ideology to the end game mentioned above. The coming together of the Communications Internet with the fledgling Energy Internet and Logistics Internet in a seamless twenty-first-century intelligent infrastructure—the Internet of Things (IoT)—is giving rise to a Third Industrial Revolution. The Internet of Things is already boosting productivity to the point where the marginal cost of producing many goods and services is nearly zero, making them practically free. The result is corporate profits are beginning to dry up, property rights are weakening, and an economy based on scarcity is slowly giving way to an economy of abundance.”

Jeremy Rifkin (1945) American economist

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

Help us to complete the source, original and additional information

Jeremy Rifkin18

Related quotes

Related topics