The Future of the Energy Sector and the Global Economy: Prosumer Capitalism and What Comes Next

Abstract

This paper describes the present and the future of the energy sector in relation to the dominant and constantly evolving form of the global economic system. These considerations have their starting point in transformations of the energy sector in prosumer capitalism, which has dramatically changed the picture of the global economy in recent years. Subsequently, a futuristic approach is applied to determine the role and importance of energy from renewable sources for further human development. The main objective of the paper is to explain the current situation of the energy sector in prosumer capitalism and to extrapolate these relationships for the future, considering the need to enter the path of sustainable development to eliminate the global warming processes and climate changes. A review of the existing scientific literature was applied as the research method. The historical wave concept, proposed by Toffler, was found to be highly useful because of its high potential in futurology, where it enables one to study megatrends. The Fourth Wave was linked to prosumer capitalism, and it provided the base for defining the next ones: the Fifth Wave of Computing (ecosocialism) and the Sixth Wave in the form of technological and energy communism (solar communism). It also turned out that the key to solving mankind’s energy problems lies in the global mean entropy budget. The literature review shows that founding the global energy system on solar radiation is the only known method for eliminating the anthropogenic greenhouse effect, which is the source of global warming and, consequently, of climate change. Therefore, the second law of thermodynamics provides a physical, economic, and logical justification for introducing a new and ultimate management form—solar communism—by 2050.