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CapitalismEssays

The Politics of the Sharing Economy

“As best we can tell, the politics of the venture capital elite boils down to fending off higher taxes, keeping labor costs low and reducing the ‘burden’ of government regulation. … Silicon Valley could start by putting a stop to pretending that the sharing economy is about anything other than making a killing.” – Andrew Leonard

If you’ve heard about companies like Airbnb, Zipcar, Skype, UberGetaround, and Lyft, and you know a bit about crypto-currencies, you get the picture. The “sharing economy” is just as exhilarating and vexing as the Web 2.0 meme was nine years ago.

I am all there with Arun Sundararajan, professor at Stern School of Business at NYU, who describes walking down the street in New York City, musing on all the parked cars that remain unused …

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