Adults teach children the virtues of sharing and so, to capitalize on that altruistic notion, proponents touted the rise of the “sharing economy.” Building peer-to-peer transaction platforms enabled companies like Uber and Airbnb to turbocharge a new business paradigm that pundits contended would bring great social and environmental benefits. But that’s not how it's worked out. Instead, as journalist Susie Cagle points out in this insightful critique, investors and the public have come to recognize the serious negative consequences that these enterprises have unleashed.
In this summary, you will learn
- What the “sharing economy” entails,
- When it pivoted away from its original business model, and
- How peer-to-peer businesses are now promoting themselves.
About the Author
Susie Cagle is a journalist covering politics and economics.