By JEREMY RIFKIN, nytimes.com
WE are beginning to witness a paradox at the heart of capitalism, one that has propelled it to greatness but is now threatening its future: The inherent dynamism of competitive markets is bringing costs so far down that many goods …
A Jeremy Rifkin article about the emergence of a Zero Margin Cost Society. The problem I see is that that there are a lot more factors that will have an impact on the situation that will drive the economy in different directions. Yes, some areas will likely suffer from this phenomenon, but I think Rifkin gravely underestimates the evolutionary effects as well as the self preserving powers of the systems around us. These effects and powers will definitely come into play and we may not like where it is taking us…
Never cared for Marxism. But damn if this ain’t exactly what Marx said was going to happen, coming up on 2 centuries ago.
Also Rifkin’s “Time Wars,” what I read when I was 15, was very influential for me. Still recall it vividly.
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