Sharing Economy And Externalization Of Costs

externalization of costs and ‘reasonable’ compliance

“uhhh, this is exactly the business model of the “sharing economy”. The point is to use technology to externalize costs associated with following reasonable standards.”

“Sharing economy goes back a lot farther than a few decades. Recent marginalizations with a focus on profit have been shoehorned into a model which was based on egalitarianism, not McDonaldization”

consumer added value

• credit cards providing fraud protection

overhead/tax + regulatory compliance + kyc/aml + artificial scarcity