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.
• U.S. intelligence briefed House on Russia to ensure Trump’s re-election. • Classified briefing to lawmakers made Trump angry • Trump said Democrats would “weaponize” news of Russian military campaign • Trump was mad DNI Joseph Maguire would let staff appear • That’s why Maguire’s out, Richard Grenell’s in as ‘acting’ DNI. In Washington last […]
“We are desperate — desperate — for more people,” Donald Trump cabinet member Mick Mulvaney said in a recording obtained by The Washington Post. “We are running out of people to fuel the economic growth that we’ve had in our nation over the last four years. We need more immigrants.”
Sure, this absolutely passes the corruption smell test. Everything is fine. Trump and his klepto-regime are (of course) supporting Oracle’s Larry Ellison in his Supreme Court fight with Google. The same day the same Larry Ellison hosted a massive fundraiser for Trump in California. From reporting by Malathi Nayak at Bloomberg News: The Trump administration […]
It may not rank up there with climate change or personal debt, but confess…isn’t it the worst when you’re trying to put a food container in the fridge, but can’t find the right lid to fit? Hey, not everything has to be a global crisis to be irritating to the core. But still…it’s even more […]
Assembling a truly autonomous smart home is getting closer and closer to reality every day. But for every new smart bulb, thermostat, home security system and appliance we set loose within our walls, there are still probably a half dozen “dumb” items we’d still love to replace. But whether they’re too costly or too big […]
With so many manufacturers out there these days, it’s tough to know who to trust in the ultra-competitive wireless earbuds market. If you’ve never heard of LinearFlux, you may soon. That’s because it’s a company with a stellar pedigree whose co-founders were two of the engineers behind the original success of two audio houses you […]