The great economic revolutions in history occur when new communication technologies converge with new energy systems. New energy revolutions make possible more expansive and integrated trade. Accompanying communication revolutions manage the complex new commercial activities made possible by the new energy flows.
Ushering in the First Industrial Revolution during the 19th century, cheap steam-powered print technology and the introduction of public schools gave rise to a print-literate work force with the communication skills to manage the increased flow of commercial activity (which was made possible by coal and steam power technology).
That was followed by electrical forms of communication in the 20th century – mass media – and energy powered by oil and the combustion engine. And now we are at the beginning stages of the third step, with renewable energy and the internet as the drivers of change.
Read his full piece – Five Pillars of the Third Industrial Revolution – to learn more, or watch this short video from CNN: