Millennials are a unique generation caught in a faltering global economic system that has already peaked productivity and taken us to the precipice of climate change. They are in despair as their values are not represented in the economy or governance.
A seismic shift in the world economy is also underway. According to author and futurist, Jeremy Rifkin, we are in the final phases of the fossil fuel era. Much as coal and steam powered the First Industrial Revolution, and oil and telephony powered the Second Industrial Revolution, clean energy and digital technologies are now converging toward what he describes as the Third Industrial Revolution. This next phase of infrastructure modernisation is rooted in the convergence of 5G, a renewable energy Internet (clean technologies and smart grids), and a digitised mobility and logistics platform (autonomous electric vehicles, artificial intelligence, and the Internet-of-Things).
But according to Rifkin, a global collaboration among millennials is vital for the success of this Third Industrial Revolution, and to build a more humane and ecological society. If you would like to know more, listen to this fascinating talk by Rifkin!
“The Third Industrial Revolution: A Radical New Sharing Economy” – is an inspiring talk by Jeremy Rifkin, who is an adviser to the EU leadership and that of the People’s Republic of China. Jeremy was also an adviser to German Chancellor Angela Merkel on the third industrial revolution.