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This book is accessible to both top-notch-economists and laypeople alike. It was a fascinating listen.
The subject is of such vast economic importance, and yet it's so personal to each of us in the developed world. The emergence and growth of peer-to-peer services in the past few years has been staggering. Economic activity is shifting away from central institutions to services provided by other individuals who have access to goods. The range of services is stunning — you can get a ride, order food, crash on someone's couch, ship an unwieldy object, have your clothes laundered, book a massage therapist, or become a startup investor, all with a few taps on your phone.
As the scope of peer-to-peer markets expands, we're taking economic activity out of institutions. In the established model, most economic activity was controlled by large companies. Now we have a digitally controlled model — a platform that sits btw people who have time, have stuff, or have $, and people who need those things. Loved the discussion on what makes people trust each other enough for these high-stakes interactions, the "digital online reputation circles."
Which brings me to the most interesting aspect of the sharing economy, and of the book — the implications both for regulation & for the workforce. On the one hand, value is captured by people below median income, which is a promise of inclusive growth. On the other hand — well, you should get the book.
5 of 5 people found this review helpful
This book is a life changer in so many ways. It connects many of the puzzle pieces together and shows you how they interact. Great book! In the future everyone has value.
2 of 2 people found this review helpful