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

via YouTube

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.

See Also

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.”

Read more . . .



The Latest Bing News on:
Peer-to-Peer Economy
The Latest Google Headlines on:
Peer-to-Peer Economy

[google_news title=”” keyword=”Peer-to-Peer Economy” num_posts=”10″ blurb_length=”0″ show_thumb=”left”]

The Latest Bing News on:
Sharing economy
  • Estonia vetoes EU VAT proposals for sharing economy services
    on May 17, 2024 at 4:54 am

    Estonia / EU: Estonia has vetoed plans to introduce value-added tax [VAT] on sharing economy services such as Airbnb and Bolt in the European Union at a meeting with finance ministers in Brussels.

  • SEII Sharing Economy International Inc.
    on May 12, 2024 at 10:00 am

    Sharing Economy International Inc. focuses on the development of sharing economy platforms and related rental businesses. The company operates rental stations that offer power banks for mobile ...

  • How sharing economy M&A performed in the technology industry in Q1 2024
    on May 7, 2024 at 6:37 pm

    Analysis of the key themes driving M&A activity reveals that sharing economy accounted for 2 technology deals announced in Q1 2024, worth a total value of $160m. The $160m acquisition of Gett by Pango ...

  • New book from BC sociologist looks at the 'gig' economy
    on May 2, 2024 at 5:00 pm

    So was born the sharing economy—popularly referred to as the “gig” economy. But this contemporary idea of work that would provide inexpensive, valued services for consumers and good wages, flexibility ...

  • Artículos sobre Sharing economy
    on August 1, 2023 at 5:00 pm

    Far from a touchy-feely community, research shows online platforms such as Airbnb tend to strengthen users’ narcissism and class biases.

  • Premium cars in the sharing economy
    on August 1, 2022 at 10:54 pm

    The COVID-19 pandemic triggered a sudden global economic downturn in 2020 and markets relying on people’s mobility were suffering severely. Indeed, car rental and sharing companies saw their ...

  • Reengineering the Sharing Economy
    on July 30, 2022 at 12:49 pm

    The current sharing economy suffers from system-wide deficiencies even as it produces distinctive benefits and advantages for some participants. The first generation of sharing markets has left us to ...

  • Sharing economy
    on June 7, 2022 at 1:00 am

    borrowed or rented, often through online transactions, in an effort to save money, reduce costs and cut waste. Prime business examples of the sharing economy include Airbnb, Zipcar and the Uber Pool ...

  • Sharing risk for a sharing economy
    on February 8, 2022 at 11:58 pm

    It’s opened the door for scores of new billion-dollar businesses that have started to reshape the economy around these radically different ideas. Expected to grow by 1000% over the next 10 years, the ...

  • The Sharing Economy Is Changing The Rules Of Business
    on February 5, 2019 at 7:46 am

    This sharing economy is rapidly becoming the new business of sharing, with major winners already including Airbnb (rooms), Uber (rides), and Chegg (books). If you are an aspiring entrepreneur, or an ...

The Latest Google Headlines on:
Sharing economy

[google_news title=”” keyword=”sharing economy” num_posts=”10″ blurb_length=”0″ show_thumb=”left”]

What's Your Reaction?
Don't Like it!
I Like it!
Scroll To Top