This paper highlights the need for our Rethinking Education towards a global common good and cultivating New Era Universities for the 4th Industrial Revolution (4IR). 4IR represents a fundamental change in the way we live, work, and relate to one another. It is a new chapter in human development, enabled by extraordinary technological advances commensurate with those of the first, second and third industrial revolutions. Indeed, the 4th Industrial Revolution measures up with the Post-Capitalist Society, involving policies catering to human living needs, enabling people to have a Neo-humanist outlook, and come together to form a universal and more evolved society. This evolved societal state can also come about through implementation of SDGs. 4IR requires a new vision and mission for universities as agents of social transformation and society building, which is what we as humanity must now embark upon.