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October 24, 2019 | The Third Industrial Revolution

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

Many people seek to ignore or discount tectonic shifts happening under the global economy because they are afraid and/or resistant to change, or just not interested in big-picture topics.

That is one’s prerogative.  But the world is shifting nonetheless and the motivation is economic, not altruistic.  Those with a business and financial sense cannot help but acknowledge the overwhelming case for smaller, smarter, faster, cheaper, cleaner products and systems in a world of nearly 8 billion people and counting.

No era remains static.  There have been massive economic paradigm shifts throughout  human history.  We are in the next one now.

Wharton Professor, global economic advisor and author of 20 books, Jeremy Rifkin explains the modern world’s third industrial revolution well in the talk below.  No one is saying this is easy, or without cost and the need for massive investment, but it is happening.

For those who reject or prefer to skip the environment case for the transition, you can go straight to the economic case by advancing the clip to start at 12:45 on the play bar.

Note that the content here is far from fringe:  Ford Motors sponsored the premiere of the presentation at the Tribeca Film Festival and other venues last year.

A Third Industrial Revolution is unfolding with the convergence of three pivotal technologies: an ultra-fast 5G communication internet, a renewable energy internet, and a driverless mobility internet, all connected to the Internet of Things embedded across society and the environment.

This 21st century smart digital infrastructure is giving rise to a radical new sharing economy that is transforming the way we manage, power and move economic life. But with climate change now ravaging the planet, it needs to happen fast. Change of this magnitude requires political will and a profound ideological shift. Here is a direct video link.

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October 24th, 2019

Posted In: Juggling Dynamite

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