Slashdot Mirror
The Sharing Economy Fights Back Against Regulators
An anonymous reader writes in with a story about the advocacy group "Peers". The group says their goal is to “mainstream, protect, and grow the sharing economy.” "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. Along the way, it has posed some major legal challenges. The companies that are pushing it forward have continually undermined local ordinances, consumer safeguards, and protectionist regulations alike. As a result, governments around the country are trying to reign them in. That’s where Silicon Valley’s newest advocacy group comes in."
That's the major problem, eh? Can't tax it, can't regulate it. As government gets larger and larger, it needs more and more money to sustain itself. It seeks out new forms of revenue from wherever it finds weakness. Renting out your spare bedroom in New York City causes a lot of losses. No bed tax (in NYC it's something like 20%, or used to be when I worked in hotels), no income tax for the housekeeping staff, no sales tax from the gift shop, etc.
Let's not even get into room owners picking and choosing clients. I've seen them proudly say that they check Facebook and such beforehand, only allow professionals and other clean people, etc. Yeah, what they really mean is "no Negroes". When the "sharing economy" is beyond the reach of government regulation, problems like this that society thought solved re-appear with disturbing frequency.
Shutting down free speech with violence isn't fighting fascism. It IS fascism!
wait... so efficiently exchanging resources will lead to destruction? What school of economics is that from?
For better and most often worse the U.S. economy requires continuous economic growth in order to support it's debt-based structure. A $1.00 of debt today requires $1.03 of consumption next year otherwise the debt interest can't be serviced. This is why the Federal Reserve is so hell bent on preventing deflation, even going so far to say that a moderate amount of inflation is a "good thing". This fact is most critical for the U.S. Government itself since it is the largest issuer of debt in the economy. Sharing and frugality are incongruent with such a system so we'll see much more pushback if the sharing trend picks up steam.