The Third Industrial Revolution P6

I explain aggregate efficiency -the amount of energy required to move a good or service through each stage of conversion, from extracting a raw resource, to producing a good/service, and distributing it to a consumer. I also explain how the Second Industrial Revolution peaked at 20% aggregate efficiency at the turn of the millennium. We now need a new economic model to improve our efficiency further by doing more with less, otherwise known as effemeralisation.