May

30

 The Third Industrial Revolution (link is to a video of Rifkin speaking) will create thousands of businesses and millions of jobs and usher in a fundamental reordering of human relationships, from hierarchical to lateral power, that will impact the way we conduct business, govern society, educate our children, and engage in civic life. Rifkin writes on his website:

With Oil at 147 a barrel people stopped buying, because all the supply
change was too expensive…the entire economic engine of the industrial
revolution shut down, July of 2008, ..that was the great economic
earthquake of the 2nd industrial revolution, the collapse of the
financial markets 60 days later was the aftershock…. we now know the
outer limits of how far we can globalize this world based on elite
fossil fuels its about 150 a barrel and it will shut down.

From the man's home page:

Rifkin's vision is already gaining traction in the international community. The European Union Parliament has issued a formal declaration calling for its implementation, and other nations in Asia, Africa, and the Americas, are quickly preparing their own initiatives for transitioning into the new economic paradigm.

Stefan Jovanovich comments:

Any "revolution" — industrial or otherwise — that needs an "international community" is — by its own definitions — a non-starter. As for the people "stopping buying" when oil was $147 a barrel, a question: did they start buying again at $146? Renewable energy is the canal craze of the 21st century. The one part of it that has worked is the one that people fully understood 100+ years ago when Buffalo, NY was the center of the electrical world - hydro. Everything else has been a crock for the simple reason that it has - and still does - require subsidy. Mr. Watt needed no subventions from Parliament, only the liberty to build an engine without having a committee decide whether or not it was an "appropriate technology".

See the wiki pages for Matthew Boulton and James Watt.


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