Glenn Fleishman, in his first cover story for The Economist
, tracks how technology is making it easier to share everything from bicycles to basement bedrooms
—for a price.
Such peer-to-peer rental schemes provide handy extra income for owners and can be less costly and more convenient for borrowers. Occasional renting is cheaper than buying something outright or renting from a traditional provider such as a hotel or car-rental firm. The internet makes it cheaper and easier than ever to aggregate supply and demand. Smartphones with maps and satellite positioning can find a nearby room to rent or car to borrow. Online social networks and recommendation systems help establish trust; internet payment systems can handle the billing. All this lets millions of total strangers rent things to each other. The result is known variously as “collaborative consumption”, the “asset-light lifestyle”, the “collaborative economy”, “peer economy”, “access economy” or “sharing economy”.
The flies in the ointment: insurance, liability, and laws that favor incumbent industries.
Rick Friday has been the editorial cartoonist for Farm News for 21 years, with a weekly slot in every Friday’s paper.
Greenpeace has handed newspapers 240 pages of current negotiating documents from the Transatlantic Trade and Investment Partnership (TTIP), a secretly conducted trade deal between the USA and the EU, which has run in parallel with the notorious Trans Pacific Partnership (TPP).
The first McDonald’s in Quetta, Pakistan has opened in Millennium Mall, in the militarized Police Lines neighborhood, prompting an official position from the Taliban.
White hat hackers get paid to find holes in their own employers’ online systems, and plug those holes before they become serious security risks. It’s a job that pays handsomely…mostly because few job candidates, even experienced IT professionals, have the skills to scamper over firewalls and infiltrate the deepest recesses of a battle-tested network. But […]
Why buy one of those expensive and confusing universal remotes, clogged with enough buttons to launch a space shuttle, when you could accomplish the same electronic control right on your favorite mobile device? The Blumoo Universal Remote, now just $52.99 in the Boing Boing Store, harnesses the audio power of all your household equipment right […]
You may not love Microsoft Word, but you’ve definitely used it. Other than being one of the most ubiquitous programs on the planet, it’s been the go-to word processing system for more than a quarter-century because it’s as basic as it gets. But occasionally, you’ve got assignments that beg for a lot more options than simple […]