Tag Archives: sharing economy

Why hasn’t the sharing revolution taken off?

2016 Library of Things Launch-22Perhaps the favourite statistic of those advocating for more sharing in our economy is that the average power drill is used for only 12 or 13 minutes over the entire course of its lifetime. This is especially significant as millions of new household power drills are sold in the UK each year, and then simply gather dust in sheds up and down the country. To people thinking about better use of resources, it seems like there’s an obvious problem here, as well as an obvious solution: a nation stockpiling power tools that are hardly ever used ought to share them more. Read more

What does the spectacular rise of the sharing economy mean for the environment?

Over the past five years there’s been a lot of hype about the sharing economy. Hundreds of start-ups are popping up (many of which epically fail) providing opportunities to share everything from sofas to secrets. There’s still much debate about what the sharing economy actually is, and how it overlaps with similar concepts like collaborative consumption and the peer to peer economy. Read more