Blog 5

More efficient by sharing


After listening the podcast, I think April’s points are more acceptable for me. She said that sharing economy and collaborative consumption were more efficient on resource consuming. I agree with her on this point, as I find that usually people consume more than demand, and the difference here will be the waste. It is true that most waste can be recycled, but the value of recycling them is much lower than let someone else who needs it to use it and then creates the real value.

As a type of trade based on responsibility and credibility, there must be problems on it. As the case on the Airbnb, there was illegal stuff during the services. I think the issue matters here will be solved during the development of the world, through the education level to the income level. If everyone understands the true meaning of this kind of economy, less harmful trades will occur in this situation. Also, I believe more regulations and policies related to sharing economy will be published as the developing. Another concern is about the less total demand resulted from sharing. I think it will happen due to a more comprehensive standard sharing economy system is created. The solution might be letting the government subsidy the businesses which suffering from the over production for a period, and let them adjust the input and output, finally the supply and demand will be balanced with the new market.

I am a beneficiary of the sharing economy, as my friend and I are frequent users of Zipcar. It is really costly to purchase a private vehicle in the U.S. if I just spend four years here. And it is pretty convenient to rent a car anywhere in the U.S. Regularly, we rent the car once a week , and the furthest distance we driving is from Bucknell to Penn State University, otherwise we will take the shuttle, train or airplane. The total cost of our transportation will definitely lower than purchasing our own car.

It is not a new idea for me about the sharing economy, I heard it when I was in middle school, and that news was coming from European countries. And throughout the history, people are sharing all the time, even beyond money exists, it is like the idea of barter. Obviously, it is more and more popular between countries and people. I think this is a trend rather than a fad, as the natural resources are limited, and more people are concerning the health of the environment. Thus, I think the number of supporters will increase as time goes by.

4 thoughts on “More efficient by sharing

  1. I like the point you bring up about people’s education of a collaborative economy. If people are more familiar with the way this type of economy works, there will be fewer snags and legal issues involved. People in the US are just not as familiar as those in Europe with this type of economy and maybe it is something we all should become more educated in.

    • I am not sure education overall (as opposed to about how sharing systems can work) would lead to any increase in uptake. People with college degrees can be just as short-sighted or willing to be free riders as others.

  2. The last two sentences in your post are very interesting, and something I did not think of while listening to the podcast or while writing my blog post. But like you said, resources are limited and they will eventually be scarce. Because of this it is hard to believe at some point in the future we will be forced to use a “shared economy” or we will be faced with many issues and tough decisions as a society.

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