WATCH: The Third Industrial Revolution: A radical new economy

Jeremy Rifkin, advisor to Xi Jinping and Angela Merkel, describes the birth of a new economic system.

Social and economic theorist Jeremy Rifkin, advisor to Xi Jinping and Angela Merkel among others, describes the birth of a new economic system that can address climate change and create a more equitable and empathic world.

A Third Industrial Revolution is unfolding with the convergence of three pivotal technologies: an ultra-fast 5G communication internet, a renewable energy internet, and a driverless mobility internet, all connected to the Internet of Things embedded across society and the environment. This 21st century smart digital infrastructure is giving rise to a radical new sharing economy that is transforming the way we manage, power and move economic life.

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