. September 18, 2012 SouthAmerica: I read over the years almost all books published by Jeremy Rifkin. He is a first rate thinker. I agree with Jeremy Rifkin, and I have been saying that for many years: "that we need to rethink economy theory and we should develop a new system that is compatible with the world of the 21st century." Jeremy Rifkin: A New Era of Capitalism â August 27, 2012 <iframe width="560" height="315" src="http://www.youtube.com/embed/X5FU0N5nf8U" frameborder="0" allowfullscreen></iframe> The Third Industrial Revolution will not only radically alter our economy, but also our social and political lives. The engine of the first industrial revolution, the railroad, and the defining feature of the second industrial revolution, fossil fuels, all require centralized management and massive concentrations of capital - the essence of modern capitalism. The third industrial revolution requires less. Author and economist Jeremy Rifkin tells Piya Chattopadhyay how an "energy internet" spread across millions of homes and offices will usher in a new era of decentralized, lateral power. .