One of the things that libraries should start doing is to start lending out things. Physical objects of all types.
Lending physical objects can offer a lot of benefits:
Just one of the many ways libraries can reinvent themselves. In fact this phenomenon that I have shared has already started. link
A search related to the topic of IoT or 'Internet of Things', eventually led me to a book called 'The Zero Marginal Cost Society' written by Jeremy Rifkin.
In this book, Mr. Rifkin has built a case, when it relates to how the cost to produce most things in the near future will be virtually zero (0). That there will always be a 'fixed cost' associated with launching any new product/server. However, increased efficiencies, automation and a combination of other things (mentioned below) will drive the marginal cost (cost to produce more units of the same) will be driven to virtually zero. Not zero, but almost zero.
Now, I have heard of this concept of 'zero marginal cost' before. I cannot find the actual clip on Youtube. But I have heard, at least one leading Venture Capitalist making a brief mention of it in one of their talks.
There are a bunch of technologies and phenomenon that Jeremy has mentioned in this book. From what I can recall at the top of my mind. Since the book has been returned to the library and this blogpost has been sitting in my drafts folder for over a month now. Anyhow, in random order:
Alongside the introduction to these technologies (and more), Jeremy then builds a hypothesis whereby we will witness the emergence of two major trends.
The author goes into a fair bit of detail, when it comes to the History of the Capitalist economic model and also how a 'commons' model used to predate this model. The author hypothesizes that the combined effect of the technologies that have been introduced and some of the other factors will usher the return to the commons era for our species. However, in my opinion the author could have spent a bit more time hypothesizing a future systems model, whereby resource distribution can be done in an optimal fashion for 7 to 10 billion people using a 'commons model'. Maybe an advanced form of AI and certain efficiencies can help us achieve that goal.
Now, I can't say that every (technological) phenomenon mentioned in this book was something new to me. But then again, that's coming from a person who has a hacker mindset and is always on the lookout when it comes to new and upcoming technologies.
This book is a hopeful, optimistic aspiration of what part of our future could be. An interesting read. I would recommend it.