Summary of The Currency of the New Economy Is Trust

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Social analyst Rachel Botsman describes how online peer-to-peer platforms for trading, sharing, hiring and selling are transforming the economy and society at large. In these marketplaces, each transaction is a vehicle for human connection. Explains Botsman, “Instead of consuming to keep up with the Joneses, people are consuming to get to know the Joneses.” She passionately expounds on the economic and human importance of this movement, so getAbstract suggests you tune in to her intriguing lecture.

About the Speaker

Rachel Botsman is a social analyst and co-author of the book What’s Mine Is Yours.

 

Summary

Londoner Sebastian Sandys hosts people from around the world in his 18th-century guardhouse. He finds renters through global website Airbnb. Sandys is just one example of how “collaborative consumption” empowers people to use their assets in fresh ways to make, spend or save money and, more important, to forge meaningful human connections. Individuals lend or rent autos on WhipCar, share bikes on Spinlister, and extend and receive loans on Zopa. Each transaction fosters new, and often lasting, relationships. For instance, when the London riots erupted near Sandys’ house, many of his former guests reached out to check on his...


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