HI125 Lecture Notes - Lecture 23: Knowledge Worker, Bitcoin, Knowledge Economy
Document Summary
Third industrial revolution: made possible y dramatic changes in tech, green energy, personal computer, faster networks, access to knowledge. Digital transformation and the third industrial revolution: know parallels between different i. rs. Third ir: ai, value will be placed in intangible assets like bitcoin, primacy of the knowledge worker. Neoliberalism and the free market so we can be allowed to disrupt. Consolidation: produce monopolies, immature industries tend to consolidate, limiting knowledge economy"s ability to disrupt. Agricultural workers: grow for local markets, common lands. Industrial workers:work in factories for wages, international market. Changing world economy: knowledge is key but specialized knowledge is risky. Precarity (no stability, contracts are year to year)and risk society. Winner take all, clustering of profits flow to a small amount of people in each industry. The knowledge economy: dislocation caused by technology and disruption. What policies would facilitate this goal: 8 richest people have as much wealth as 3. 6 billion people.
