Peer-to-Peer Economy Thrives as Activists Vacate the System

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The Occupy Movement recently celebrated its second anniversary with very little fanfare leaving many to wonder where all the activists went.

It seems they, and many anti-establishment activists, are vacating the system rather than occupying it.

Progressives may call it the “sharing economy” while Libertarians may refer to it as Agorism –  a “society in which all relations between people are voluntary exchanges by means of counter-economics, thus engaging in a manner with aspects of peaceful revolution.”

Whatever it’s called, together, they’re opting out of the current socioeconomic matrix and creating a new alternative economy where trading occurs peer-to-peer and increasingly without government-issued currency.

It’s a space where mutual trade occurs without burdensome taxes, regulations, or licenses. Simply put, it’s an underground black market enabled by the Internet and regulated by social feedback mechanisms — and it’s growing exponentially.

Websites like Ebay and Craigslist first made it possible for individuals to sell things or offer services online. Then there was Elance to sell our skills and Freecycle to recycle unused items. And now there are new services that allow users to sublet their stuff; like AirBnB which allows you to rent out a room in your house, Lyft for car pooling or Relay Rides to rent out your car for an hour, or Snap Goods to rent out idle tools or anything else.

In addition to “sharing” stuff, people are shunning banks by using crowdfunding and peer-to-peer lending platforms for raising capital, and digital currencies like Bitcoin are enabling the under-the-table sale of a swelling number of goods and services.

It’s also important to acknowledge the growth of passionate silver barterers and the explosion of local food co-ops, which should be considered part of the same movement to opt out of the broken corporate-government system and they’re similarly expanding due to the internet. Local Harvestallows small farmers to sell blueberry pies nationwide or pair up with local customers for cowshares or farmshares.

The Economist describes this movement as follows:

Just as peer-to-peer businesses like eBay allow anyone to become a retailer, sharing sites let individuals act as an ad hoc taxi service, car-hire firm or boutique hotel as and when it suits them. Just go online or download an app. The model works for items that are expensive to buy and are widely owned by people who do not make full use of them.

Tarun Wadhwa of the Singularity Hub writes “The growth of the “sharing economy,” a loosely defined term generally referring to the internet-enabled peer-to-peer exchanges of goods, has brought with it a shift in the way we think about consumption. Its rise has been fast, and loud. What started with a few enterprising individuals willing to let complete strangers sleep in their homes and use their possessions has now developed into a formidable economic force that threatens to upend several different industries.”

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