*Excellent* analysis of the Sharing Economy

Share and careREAD the full piece from Share the World’s Resources HERE. Some of my favorite bits, below:

Many “see the sharing economy as a path towards achieving widespread prosperity within the earth’s natural limits, and an essential first step on the road to more localised economies and egalitarian societies. But far from everyone perceives that participating in the sharing economy, at least in its existing form and praxis, is a ‘political act’ that can realistically challenge consumption-driven economics and the culture of individualism.”

“Sharing is also directly related to the functioning of a healthy democracy, the authors reason, in that a vibrant sharing economy (when interpreted in this light) can counter the political apathy that characterises modern consumer society. By reinforcing values of community and collaboration over the individualism and consumerism that defines our present-day cultures and identities, they argue that participation in sharing could ultimately be reflected in the political domain.”

“Janelle Orsi, a California-based ‘sharing lawyer’ and author of The Sharing Solution, is particularly inspirational in this regard; for her, the sharing economy encompasses such a broad range of activities that it is hard to define, although she suggests that all its activities are tied together in how they harness the existing resources of a community and grow its wealth. This is in contradistinction to the mainstream economy that mostly generates wealth for people outside of people’s communities, and inherently generates extreme inequalities and ecological destruction – which Orsi contends that the sharing economy can help reverse. The problem she recognises is that the so-called sharing economy we usually hear about in the media is built upon a business-as-usual foundation, which is privately owned and often funded by venture capital (as is the case with Airbnb, Lyft, Zipcar, Taskrabbit et cetera). As a result, the same business structures that created the economic problems of today are buying up new sharing economy companies and turning them into ever larger, more centralised enterprises that are not concerned about people’s well-being, community cohesion, local economic diversity, sustainable job creation and so on (not to mention the risk of re-creating stock valuation bubbles that overshadowed the earlier generation of dot.com enterprises). The only way to ensure that new sharing economy companies fulfil their potential to create economic empowerment for users and their communities, Orsi argues, is through cooperative conversion – and she makes a compelling case for the democratic, non-exploitative, redistributive and truly ‘sharing’ potential of worker and consumer cooperatives in all their guises.”

“Unless the sharing of resources is promoted in relation to human rights and concerns for equity, democracy, social justice and sound environmental stewardship, then the various claims that sharing is a new paradigm that can address the world’s interrelated crises is indeed empty rhetoric or utopian thinking without any substantiation.”

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