It is NOT a Sharing Economy

Oliver Blanchard wrote a great article about how the term “Sharing Economy” is incorrect. Here is an excerpt as it pertains to Uber sytle ride sharing,

Let me make something really clear: that whole “ride-sharing” thing? It isn’t ride-sharing at all. You aren’t sharing. You’re renting. You’re renting out the back seat of your car. You’re renting yourself as a driver. You’re renting your spare bedroom for the night. You’re renting your flat while you’re on vacation. There’s no sharing anywhere near the so-called “sharing economy.”

The same dynamics apply to AirBnB style room rentals.