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Posthuman Economies and Industrial Revolution 5.0: Metamorphosing Techno-Economic Development, Luxury Industry, and Shared Economy
Abstract
The Industrial Revolution 5.0 introduces an era where advanced technologies like AI blur the boundaries between humans and machines. The concept of “Posthuman Economies” explores how automation and human-machine symbiosis are reshaping labor and socioeconomic structures, challenging traditional economic models. While these technologies can drive growth, they also risk increasing inequalities, crucial for promoting inclusion and sustainability. Ethical concerns, such as the consequences of automated decision-making, highlight the need to preserve human values in a tech-driven economy. The luxury industry exemplifies this shift, embracing advanced manufacturing technologies like 3D printing and AI to revolutionize production and personalization aligning with posthuman values of sustainability. This leads to new business models that challenge traditional notions of scarcity and value in the sharing economy. Understanding Posthuman Economies is essential for guiding informed decision-making that ensures technological advancements contribute to equitable and sustainable growth.
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