1 00:00:10,000 --> 00:00:12,005 All over the world 2 00:00:12,005 --> 00:00:15,004 millions of young people took to the streets. 3 00:00:15,004 --> 00:00:18,000 and they were joined by their parents' generation 4 00:00:18,000 --> 00:00:20,002 and their grandparents' generation. 5 00:00:20,002 --> 00:00:23,002 and they spoke with a single voice 6 00:00:23,002 --> 00:00:27,000 and what they said was clear and compelling: 7 00:00:27,000 --> 00:00:32,002 "It's our turn. We're a new generation. We want a new vision for the future." 8 00:00:32,002 --> 00:00:36,005 "There's something unfair in the way this world is organized." 9 00:00:36,005 --> 00:00:39,004 Why is it there are no jobs for young people? 10 00:00:39,004 --> 00:00:42,007 Why is it that the economy is collapsing? 11 00:00:42,007 --> 00:00:46,007 Why is it that this beautiful planet that we live in is deteriorating 12 00:00:46,007 --> 00:00:51,000 and we are now threatened as never before? 13 00:00:51,000 --> 00:00:55,007 We are ending a great industrial era based on fossil fuels. 14 00:00:55,007 --> 00:01:01,003 When oil went up to $147 dollars a barrel a few years ago on world markets 15 00:01:01,003 --> 00:01:03,005 all the other prices in the world went up 16 00:01:03,005 --> 00:01:06,000 because everything is made out of fossil fuels- 17 00:01:06,000 --> 00:01:09,000 pesticides, fertilizers, construction materials, 18 00:01:09,000 --> 00:01:14,000 power, transport, heat, light-all of it. 19 00:01:14,000 --> 00:01:18,001 First we need to understand that the second industrial revolution based on fossil fuels 20 00:01:18,001 --> 00:01:20,001 is now sunsetting. 21 00:01:20,001 --> 00:01:24,003 The energies are getting too expensive- coal, oil, gas, uranium- 22 00:01:24,003 --> 00:01:28,004 and now the technologies based on those energies, they're very old 23 00:01:28,004 --> 00:01:30,000 They have no multiply effect. 24 00:01:30,000 --> 00:01:34,001 The entire infrastructure of this civilization based on these carbon fuels 25 00:01:34,001 --> 00:01:37,001 is now on life support. 26 00:01:37,001 --> 00:01:41,006 Fossil fuels are the most elite energies in the world. 27 00:01:41,006 --> 00:01:45,000 They're not found everywhere, they're only found in a few places. 28 00:01:45,000 --> 00:01:48,001 So they require huge military investments to secure them. 29 00:01:48,001 --> 00:01:51,001 They require massive finance capital from banks 30 00:01:51,001 --> 00:01:54,007 to organize them from the well-head to the final user. 31 00:01:54,007 --> 00:02:00,001 The result is the second industrial revolution has created a top-down, centralized 32 00:02:00,001 --> 00:02:04,002 energy regime and economic structure unparalleled in history. 33 00:02:04,002 --> 00:02:08,001 and today, at the end of this second industrial revolution 34 00:02:08,001 --> 00:02:13,000 3 of the 5 largest companies in the world are global energy companies 35 00:02:13,000 --> 00:02:16,009 and underneath these companies are the large banks that finance 36 00:02:16,009 --> 00:02:19,005 this second industrial revolution energy infrastructure 37 00:02:19,005 --> 00:02:23,003 and underneath the banks are 500 or so global companies 38 00:02:23,003 --> 00:02:25,004 who feed off the oil spigot 39 00:02:25,004 --> 00:02:28,007 from telecommunications to transport. 40 00:02:28,007 --> 00:02:33,000 and when we put this all together it's shocking to realize 41 00:02:33,000 --> 00:02:35,001 that these 500 companies 42 00:02:35,001 --> 00:02:40,004 make up a third of the GDP of the entire world. 43 00:02:40,004 --> 00:02:43,004 So we've created this very very centralized, elite 44 00:02:43,004 --> 00:02:46,003 second industrial revolution energy and technology infrastructure 45 00:02:46,003 --> 00:02:50,002 and now as we end this age in history 46 00:02:50,002 --> 00:02:54,001 one percent of the population that's controlled this pyramid 47 00:02:54,001 --> 00:02:58,002 has benefited immensely and 99 percent of the population 48 00:02:58,002 --> 00:03:04,000 that's at the bottom of this pyramid has been disenfranchised and is getting poorer and poorer 49 00:03:04,000 --> 00:03:06,001 What do we do? 50 00:03:06,001 --> 00:03:10,000 We need a new way to organize society 51 00:03:10,000 --> 00:03:14,000 based on justice, equity, and sustainability. 52 00:03:14,000 --> 00:03:18,002 When communication and energy revolutions come together 53 00:03:18,002 --> 00:03:20,003 they change economic history 54 00:03:20,003 --> 00:03:24,008 they change the way power is distributed. 55 00:03:24,008 --> 00:03:28,009 We're on the cusp of a great new communications/energy convergence 56 00:03:28,009 --> 00:03:32,008 a third industrial revolution. 57 00:03:32,008 --> 00:03:35,003 and what is so interesting about the internet 58 00:03:35,003 --> 00:03:40,003 is that this electricity communication is very different from the one I grew up on in the 20th century 59 00:03:40,003 --> 00:03:43,004 I grew up on telephones, radio, television 60 00:03:43,004 --> 00:03:46,001 centralized, organized, top-down 61 00:03:46,001 --> 00:03:50,001 by contrast, the internet revolution is organized very differently. 62 00:03:50,001 --> 00:03:53,001 It's distributed, it's collaborative. 63 00:03:53,001 --> 00:03:57,001 Millions of young people come together in vast networks and they exercise 64 00:03:57,001 --> 00:03:58,009 Lateral Power. 65 00:03:58,009 --> 00:04:03,000 This internet communications revolution is just now 66 00:04:03,000 --> 00:04:04,002 beginning to merge with a new energy regime 67 00:04:04,002 --> 00:04:07,004 and we transform the entire electricity grid of the world 68 00:04:07,004 --> 00:04:09,005 to an energy internet 69 00:04:09,005 --> 00:04:14,004 so when millions and millions of buildings are collecting green energy on site 70 00:04:14,004 --> 00:04:18,009 storing that energy in hydrogen like we stored media in digital 71 00:04:18,009 --> 00:04:23,000 and then if you don't need some of that energy and some of your neighbors do 72 00:04:23,000 --> 00:04:26,009 your software can direct your energy across an energy internet 73 00:04:26,009 --> 00:04:28,009 and you can share it across continents. 74 00:04:28,009 --> 00:04:32,000 This is power to the people. 75 00:04:32,000 --> 00:04:36,000 This is lateral power. 76 00:04:36,000 --> 00:04:45,000 (People chanting) "This is what democracy looks like!" 77 00:04:45,000 --> 00:04:48,008 The music companies--they didn't understand file sharing music 78 00:04:48,008 --> 00:04:50,002 When millions and millions of young people 79 00:04:50,002 --> 00:04:57,001 began to create software to distribute and collaborate and share their music in vast networks 80 00:04:57,001 --> 00:05:00,001 the music companies thought it was a joke 81 00:05:00,001 --> 00:05:03,001 Then the music companies went out of business. 82 00:05:03,001 --> 00:05:06,007 The newspapers didn't understand the blogosphere 83 00:05:06,007 --> 00:05:11,000 and now the newspapers are creating blogs and going out of business. 84 00:05:11,000 --> 00:05:14,001 As powerful as these changes are 85 00:05:14,001 --> 00:05:16,001 in the social spaces of the internet 86 00:05:16,001 --> 00:05:20,009 when the internet joins with renewable energy it's a 100 times more powerful 87 00:05:20,009 --> 00:05:25,008 because it changes the political landscape, fundamentally. 88 00:05:25,008 --> 00:05:27,003 Ask this question: 89 00:05:27,003 --> 00:05:32,004 Does this institutional behavior whether it's government, business, education- 90 00:05:32,004 --> 00:05:38,001 is this institutional behavior centralized, patriarchal, top-down? 91 00:05:38,001 --> 00:05:40,003 Is it closed? Is it proprietary? 92 00:05:40,003 --> 00:05:43,005 Or is this institutional behavior distributed? 93 00:05:43,005 --> 00:05:45,002 Is it collaborative? 94 00:05:45,002 --> 00:05:47,003 Is it open and transparent? 95 00:05:47,003 --> 00:05:50,001 Is it lateral power? 96 00:05:50,001 --> 00:05:55,003 This is the new politics of a new generation. 97 00:05:55,003 --> 00:06:02,000 Lateral power brings with it a much more equitable distribution of the fruits of society. 98 00:06:02,000 --> 00:06:05,001 Because when millions and millions of people are sharing 99 00:06:05,001 --> 00:06:08,005 their energy, their resources, their economic wealth 100 00:06:08,005 --> 00:06:11,002 we create a good quality of life. 101 00:06:11,002 --> 00:06:13,002 Nobody's left behind. 102 00:06:13,002 --> 00:06:18,002 We all become entrepreneurs, but we all collaborate in social networks. 103 00:06:18,002 --> 00:06:23,000 This is the way a decent, humane economy should operate on this planet. 104 00:06:23,000 --> 00:06:26,001 Then we won't have the 99 percent versus the one. 105 00:06:26,001 --> 00:06:28,008 We'll have the 100 percent 106 00:06:28,008 --> 00:06:37,004 living together in a just and sustainable world. 107 00:06:37,004 --> 00:06:38,006 So my hope 108 00:06:38,006 --> 00:06:40,002 for this young generation 109 00:06:40,002 --> 00:06:42,008 point the way. 110 00:06:42,008 --> 00:06:46,008 Direct us into a new future 111 00:06:46,008 --> 00:06:54,000 One that we can be proud of because we've shared the great fruits of this planet. 112 00:06:54,000 --> 00:07:07,005 We've protected the interests of our fellow creatures. 113 00:07:07,005 --> 00:07:14,000 We've preserved this earth for future generations. 114 00:07:14,000 --> 99:59:59,999 We've made a better world.