The Millennials Industrial Revolution – A Radical New Sharing Economy

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).