Rifkin doesn’t paint such a rosy picture for the U.S. in his book but bluntly states that the “upshot of eighteen years of living off extended credit is that the United States is now a failed economy.”
However, he includes a section in the book about the consultation work he has done for San Antonio, a Texas city with the goal of a 20 percent reduction in greenhouse gas emissions and a 20 percent increase in renewable energy generation by 2030. If San Antonio invests the “equivalent of one year of its economic development money over the next twenty years, a total of $16 billion spread out over 20 years, it could become the nation’s first low-carbon Third Industrial Revolution city,” Rifkin states in the book.
Germany is leading the way when it comes to the TIR. “Germany is the model,” Rifkin said. It is the “economic engine and the most powerful single player” in the EU.
For more: What the World Needs Is a Third Industrial Revolution
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