{"id":2158,"date":"2019-09-22T16:16:32","date_gmt":"2019-09-22T16:16:32","guid":{"rendered":"https:\/\/desis.osu.edu\/seniorthesis\/?p=2158"},"modified":"2019-09-22T16:16:33","modified_gmt":"2019-09-22T16:16:33","slug":"the-sharing-economy-is-dead-and-we-killed-it","status":"publish","type":"post","link":"https:\/\/desis.osu.edu\/seniorthesis\/index.php\/2019\/09\/22\/the-sharing-economy-is-dead-and-we-killed-it\/","title":{"rendered":"The “Sharing Economy” Is Dead, And We Killed It"},"content":{"rendered":"\n
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by Sarah Kessler | Most Creative People |<\/em> September 14, 2015<\/p>\n\n\n\n

\u201cHow many of you own a power drill?\u201d Rachel Botsman, the author of the book\u00a0The Rise Of Collaborative Consumption<\/em>, asked the audience at\u00a0TedxSydney\u00a0in 2010. Predictably, nearly everyone raised his or her hand. \u201cThat power drill will be used around 12 to 15 minutes in its entire lifetime,\u201d Botsman continued with mock exasperation. \u201cIt\u2019s kind of ridiculous, isn\u2019t it? Because what you need is the hole, not the drill.\u201d<\/p>\n\n\n\n

After pausing for a moment as the audience chuckled, she provided the obvious solution.<\/p>\n\n\n\n

\u201cWhy don\u2019t you rent the drill? Or rent out your own drill to other people and make some money from it?\u201d<\/p>\n\n\n\n

Back then, this version of what Botsman called collaborative consumption, or what would become better known as \u201cthe sharing economy,\u201d seemed like a warm and fuzzy inevitability. American consumerism had been tamped by one of the worst recessions in history, concerns about the environment were growing, and new online networks provided a connective thread that could help us get by on less by sharing things with our neighbors. \u201cWe now live in a global village where we can mimic the ties that used to happen face to face, but on a scale and in a way that has never been possible before,\u201d Botsman explained, and these new systems allowed us \u201cto engage in a humanness that got lost along the way.\u201d We were now, she said, experiencing \u201ca seismic shift from individual getting and spending towards a rediscovery of collective good.\u201d<\/p>\n\n\n\n

\u201cLet me ask<\/strong>\u00a0you this,\u201d Williams says. \u201cFor a drill, which by the way now costs $30, and you can get it on Amazon Now and have this thing delivered to you in an hour if you live in New York City\u2013for something worth $30, is it really worth your time to trek potentially 25 minutes to go get something that you spent $15 to use for the day, and then have to trek back?\u201d<\/p>\n\n\n\n

It\u2019s not that these tools and sites aren\u2019t good services or that they don\u2019t make things easier. It\u2019s rather that they have little to do with the original promise of the sharing economy. Really, it\u2019s more of an \u201caccess economy,\u201d a term Williams used from the beginning.<\/p>\n\n\n\n

This article talked about multiple business models that are centered around a sharing economy. I found it beneficial to see what great ideas they had but also why these models either did or didn’t work. A big factor seems to be convenience from the users perspective. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

by Sarah Kessler | Most Creative People | September 14, 2015 \u201cHow many of you own a power drill?\u201d Rachel Botsman, the author of the book\u00a0The Rise Of Collaborative Consumption, asked the audience at\u00a0TedxSydney\u00a0in 2010. Predictably, nearly everyone raised his or her hand. \u201cThat power drill will be used around 12 to 15 minutes in […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":{"0":"post-2158","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"_links":{"self":[{"href":"https:\/\/desis.osu.edu\/seniorthesis\/index.php\/wp-json\/wp\/v2\/posts\/2158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/desis.osu.edu\/seniorthesis\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/desis.osu.edu\/seniorthesis\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/desis.osu.edu\/seniorthesis\/index.php\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/desis.osu.edu\/seniorthesis\/index.php\/wp-json\/wp\/v2\/comments?post=2158"}],"version-history":[{"count":2,"href":"https:\/\/desis.osu.edu\/seniorthesis\/index.php\/wp-json\/wp\/v2\/posts\/2158\/revisions"}],"predecessor-version":[{"id":2209,"href":"https:\/\/desis.osu.edu\/seniorthesis\/index.php\/wp-json\/wp\/v2\/posts\/2158\/revisions\/2209"}],"wp:attachment":[{"href":"https:\/\/desis.osu.edu\/seniorthesis\/index.php\/wp-json\/wp\/v2\/media?parent=2158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/desis.osu.edu\/seniorthesis\/index.php\/wp-json\/wp\/v2\/categories?post=2158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/desis.osu.edu\/seniorthesis\/index.php\/wp-json\/wp\/v2\/tags?post=2158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}