Sharing economy

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April 10, 2026

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April 10, 2026

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"The “sharing economy” sure has a nice ring to it, doesn’t it? As the saying goes, “sharing is caring.” Through Uber, the sharing economy’s poster-child, thousands of drivers have turned their personal cars into money-making vehicles. Homeowners internationally have earned extra cash by using another popular sharing service, AirBnB. These companies’ ads are filled with smiling people, caring about each other and just wanting to do good... It’s unfortunate then that these companies and the misnamed “sharing economy” are really just fronts for millionaires and billionaires to opportunistically ride off the backs of everyday people, while also exacerbating many economic inequalities.,, The premise is seductive in its simplicity: people have skills, and customers want services. Silicon Valley plays matchmaker, churning out apps that pair workers with work. Now, anyone can rent out an apartment with AirBnB, become a cabbie through Uber, or clean houses using Homejoy. But under the guise of innovation and progress, companies are stripping away worker protections, pushing down wages, and flouting government regulations. At its core, the sharing economy is a scheme to shift risk from companies to workers, discourage labor organizing, and ensure that capitalists can reap huge profits with low fixed costs. There’s nothing innovative or new about this business model. Uber is just capitalism, in its most naked form. It’s Anything but Sharing Since when has paying for something ever been the definition of sharing?"

- Sharing economy

• 0 likes• business• economics•
"It’s no wonder, then, that Uber drivers in LA, San Francisco, Seattle, New York, and elsewhere have protested... upset about their industry being disrupted (a term the tech world loves) by a company offering low wages, stripping away worker protections, and bypassing regulations – all while stuffing the wallets of Silicon Valley executives.... As sharing activist Mira Luna puts it, “If greed was a major characteristic of the dying economy, sharing is a key element of the blueprint or DNA for the new economy.”...people should be able to use a service like AirBnB or Uber. But they should also own them cooperatively. A cooperative is a business or organization that is democratically owned and governed by its membership. This membership can be comprised of workers, consumers, producers, and a combination thereof... Cooperatives exist all around world, as well as in almost every sector. In the bad times, members of cooperatives collectively share the burden. In the good times, members of cooperatives collectively share the benefits. They also democratically govern the organization – one member, one share, one vote. In short, cooperatives are means to voluntarily redistribute the wealth amongst the laborers and the producers... Already, cooperatives are breaking into the domain of the sharing economy – in theory and in practice – and many of the people leading the charge are those dissatisfied with what both the traditional economy and the sharing economy had to offer them."

- Sharing economy

• 0 likes• business• economics•
"A major theme in the early years of the sharing economy was that these new services were more environmentally beneficial than existing businesses, in part because they were using ‘idle resources’; Airbnb claimed it would reduce new hotel construction. Ride-sharing apps like Uber and Lyft were expected by many to reduce car ownership, increase the number of passengers per ride, and reduce carbon emissions. However, it has been difficult to assess these claims because the companies will not provide their data to independent researchers. But there are strong reasons to believe that platforms are increasing, rather than reducing environmental impacts, and especially climate emissions. The evidence is hiding in plain sight: lower prices lead to more demand. In the lodging sector, cheap accommodation increases miles travelled and trips taken. Furthermore, Airbnb enables hosts to rent out their homes when they travel, so that lodging is essentially free. (We also find some hosts travel specifically to rent, to take advantage of price arbitrage – they can rent out their homes at a higher rate than the places they stay at.) Similarly, in the US ride-hailing apps appear to be taking people away from lower-carbon modes of transport. A recent study based on survey data finds that had there been no transportation app, 49–61% of ride-hailing trips would have either not been made at all, or been taken via walking, biking or transit (Clewlow and Mishra 2017). Furthermore, this study finds that there is no reduction in car ownership as a result of ride-hailing."

- Sharing economy

• 0 likes• business• economics•