The Zero Marginal Cost Society: The Internet of Things, the Collaborative Commons, and the Eclipse of Capitalism
by: St. Martin’s Griffin
Product rating: 4.1 with 108 reviews
In The Zero Marginal Cost Society, New York Times bestselling author Jeremy Rifkin describes how the emerging Internet of Things is speeding us to an era of nearly free goods and services, precipitating the meteoric rise of a global Collaborative Commons and the eclipse of capitalism.
Rifkin uncovers a paradox at the heart of capitalism that has propelled it to greatness but is now taking it to its death–the inherent entrepreneurial dynamism of competitive markets that drives productivity up and marginal costs down, enabling businesses to reduce the price of their goods and services in order to win over consumers and market share. (Marginal cost is the cost of producing additional units of a good or service, if fixed costs are not counted.) While economists have always welcomed a reduction in marginal cost, they never anticipated the possibility of a technological revolution that might bring marginal costs to near zero, making goods and services priceless, nearly free, and abundant, and no longer subject to market forces.
Now, a formidable new technology infrastructure–the Internet of things (IoT)–is emerging with the potential of pushing large segments of economic life to near zero marginal cost in the years ahead. Rifkin describes how the Communication Internet is converging with a nascent Energy Internet and Logistics Internet to create a new technology platform that connects everything and everyone. Billions of sensors are being attached to natural resources, production lines, the electricity grid, logistics networks, recycling flows, and implanted in homes, offices, stores, vehicles, and even human beings, feeding Big Data into an IoT global neural network. Prosumers can connect to the network and use Big Data, analytics, and algorithms to accelerate efficiency, dramatically increase productivity, and lower the marginal cost of producing and sharing a wide range of products and services to near zero, just like they now do with information goods.
The plummeting of marginal costs is spawning a hybrid economy–part capitalist market and part Collaborative Commons–with far reaching implications for society, according to Rifkin. Hundreds of millions of people are already transferring parts of their economic lives to the global Collaborative Commons. Prosumers are plugging into the fledgling IoT and making and sharing their own information, entertainment, green energy, and 3D-printed products at near zero marginal cost. They are also sharing cars, homes, clothes and other items via social media sites, rentals, redistribution clubs, and cooperatives at low or near zero marginal cost. Students are enrolling in free massive open online courses (MOOCs) that operate at near zero marginal cost. Social entrepreneurs are even bypassing the banking establishment and using crowdfunding to finance startup businesses as well as creating alternative currencies in the fledgling sharing economy. In this new world, social capital is as important as financial capital, access trumps ownership, sustainability supersedes consumerism, cooperation ousts competition, and “exchange value” in the capitalist marketplace is increasingly replaced by “sharable value” on the Collaborative Commons.
Rifkin concludes that capitalism will remain with us, albeit in an increasingly streamlined role, primarily as an aggregator of network services and solutions, allowing it to flourish as a powerful niche player in the coming era. We are, however, says Rifkin, entering a world beyond markets where we are learning how to live together in an increasingly interdependent global Collaborative Commons.
Posted in Theory Tagged with: Capitalism, Collaborative, Commons, Cost, Eclipse, Internet, Marginal, Society, St. Martin's Griffin, things, Zero
Crystal Kingdom (The Kanin Chronicles)
by: St. Martin’s Griffin
Product rating: 4.5 with 6 reviews
Cast out by her kingdom and far from home, she’s the Kanin people’s only hope.
Bryn Aven-unjustly charged with murder and treason-is on the run. The one person who can help is her greatest enemy, the gorgeous and enigmatic Konstantin Black. Konstantin is her only ally against those who have taken over her kingdom and threaten to destroy everything she holds dear. But can she trust him?
As Bryn fights to clear her name, the Kanin rulers’ darkest secrets are coming to light… and now the entire troll world is on the brink of war. Will it tear Bryn from Ridley Dresden, the only guy she’s ever loved? And can she join forces with Finn Holms and the Trylle kingdom? Nothing is as it seems, but one thing is certain: an epic battle is underway-and when it’s complete, nothing will ever be the same…
Posted in Fantasy & Magic Tagged with: Chronicles, Crystal, Kanin, Kingdom, St. Martin's Griffin
The Year’s Best Science Fiction: Thirty-Second Annual Collection
by: St. Martin’s Griffin
Product rating: 4.7 with 9 reviews
In the new millennium, what secrets lay beyond the far reaches of the universe? What mysteries belie the truths we once held to be self evident? The world of science fiction has long been a porthole into the realities of tomorrow, blurring the line between life and art. Now, in The Year’s Best Science Fiction: Thirty-Second Annual Collection
the very best SF authors explore ideas of a new world. This venerable collection brings together award winning authors and masters of the field such as Robert Reed, Alastair Reynolds, Damien Broderick, Elizabeth Bear, Paul McAuley and John Barnes. And with an extensive recommended reading guide and a summation of the year in science fiction, this annual compilation has become the definitive must-read anthology for all science fiction fans and readers interested in breaking into the genre.
Posted in Anthologies Tagged with: Annual, Best, Collection, Fiction, Science, St. Martin's Griffin, Thirty-Second, years