Capitalism has been the
dominant economic system in the U.S. for centuries. But economist and
social theorist Jeremy Rifkin says a battle is under way between
capitalism and a new economic paradigm. It will be drawn out and hard
fought. But he predicts that capitalism will inevitably lose, existing
only at the edges of economic life. In its place will be a hybrid system
based on the sharing of goods and services. Rifkin argues this is being
brought about by advances in technology and communications that are
dramatically lowering the cost of those goods and services. A discussion
about how the Internet is radically transforming our economy and way of
life.
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