The Third Industrial Revolution

In the nineteenth century, steam-powered printing and the telegraph, abundant coal, and locomotives on national rail systems meshed in a common general-purpose technology platform to manage, power, and move society, giving rise to the First Industrial Revolution. In the twentieth century, centralized electricity, the telephone, radio and television, cheap oil, and internal combustion vehicles on national road systems converged to create an infrastructure for the Second Industrial Revolution.

Now, we are in the midst of a Third Industrial Revolution. The digitalized Communication Internet is converging with a digitized Renewable Energy Internet, powered by solar and wind electricity, and a digitized Mobility and Logistics Internet of autonomous electric and fuel-cell vehicles, powered by green energy, atop an Internet of Things (IoT) platform, embedded in the commercial, residential, and industrial building stock, that will transform society and the economy in the twenty-first century. - Jeremy Rifkin, "The Green New Deal"