Alvin Toffler: A 'Revolutionary' Writer

This afternoon, Alvin Toffler discussed the major theories underlying his newest book, "Revolutionary Wealth." Toffler is an incredibly smart Author and Futurist. Click here to check out his company.

Toffler taught the audience the meaning of his term, "prosumers," and how they are fundamentally changing our economy. Prosumers are producers and consumers. For instance, when you go to the ATM, you are both a consumer (of the bank) and a producer of services (teller services). Toffler stated that U.S. ATM use is equivalent to 28 billion hours of free teller services (roughly equal to 200,000 bank teller jobs). Prosumers are engaged in numerous activities that previously had been conducted by professional staff. These range from bagging your own groceries, to conducting online customer service.

For more on this session, click here.

Update (4/26/2006): Here's more on Toffler from onPhilanthropy.