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The Rise Of The Renting And Sharing Economy Could Have Catastrophic Ripple Effects

The Rise Of The Renting And Sharing Economy Could Have Catastrophic Ripple Effects | What's Next | Scoop.it

In America, home ownership is losing ground to the rental cohort, and new internet-based services like Airbnb, Rent the Runway, Zipcar, and TaskRabbit – just to name a few – have enabled the rise of the “renting and sharing economy.”


Via jean lievens
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Rescooped by Ashela Webb from Peer2Politics
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The new model sharing economy - Financial Times

The new model sharing economy - Financial Times | What's Next | Scoop.it

The foundation of modern economics is Adam Smith’s observation that an individual who aims only for his gain may still be led “by an invisible hand” to make choices that bring economic benefits to others. Last week, the Financial Times reported that a complementary view is emerging in the form of a “sharing economy”. Most productivity growth may still be powered by self-interest. But modern information technology is helping the invisible hand become a whole lot more collaborative.

 


Via jean lievens
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