While listening to “The Rise of the Sharing Economy” I found myself listening more and more to Milo Yiannopoulos. While this sharing economy seems to be a great idea, I can’t help but think that there are too many problems that are going to follow. One of the problems I see is that people will be rented out their houses or apartments to others that they have never met before. This is a giant leap of faith or at least would be for me. Personally I don’t think I would feel comfortable allowing someone who I do not know stay in my residence where I have all my belongings. One cannot really know what they are like or what they might do while there. I just think this will eventually lead to more problems then it will solve.
This leads me into my next big issue with the sharing economy which is the idea of blind trust. This sharing economy involves a tremendous amount of trust in order to function properly. I personally would not be able to do it especially in regards to letting people stay in my house or drive my car. Whether or not something happens I am still liable. And although there may be insurance provided, if something were to happen then it still takes up my time resolving the issue that could have been avoided in the first place. Now, some argued that this trust is what our economy is based on today, such as trusting that the milk you buy will not be spoiled. However, this is not true at all. It is not trust that makes sure the milk you buy isn’t spoiled, it is the regulations given to these companies through the laws we have created. Who would want to go to the store and simply trust that the milk they buy is not going to be spoiled? No, when you go to the store you know the milk you buy will be fresh because the regulations in place requires it to be so.
As I listened to the podcast, I had one question continually running through my mind; Is this really a sharing economy? From everything I heard it seemed as though it was a big business getting most of the profits and others finding cheaper alternatives to renting a room from a hotel or renting a car from an agency. I feel as though this is not really a sharing economy. What happens when you rent a car? You pay money for however long you want to use it, use it, then return it. What is happening in this shared economy? The same thing. Therefore, I have trouble actually considering this a sharing economy. I feel as though all this is really doing is just removing the regulations that you have to go through with agencies or hotels. And again, much of the profits are going to the business which initially sets up the transaction. Therefore I don’t so much consider this a sharing economy but rather a genius business idea which people are starting to take advantage of.
I further researched Milo and his ideas on this sharing economy and found this article which I thought was very intriguing.