Waubonsee Community College

The sharing economy, the end of employment and the rise of crowd-based capitalism, Arun Sundararajan

eng

Includes bibliographical references (pages 207-227) and index

illustrations

index present

non fiction

The sharing economy

bibliography

933218962

Arun Sundararajan

the end of employment and the rise of crowd-based capitalism

Sharing isn't new. Giving someone a ride, having a guest in your spare room, running errands for someone, participating in a supper club - these are not revolutionary concepts. What is new, in the "sharing economy" is that you are not helping a friend for free, you are providing these services to a stranger for money. In this book, Arun Sundararajan, an expert on the sharing economy, explains the transition to what he describes as "crowd-based capitalism" - a new way of organizing economic activity that may supplant the traditional corporate-centered model. As peer-to-peer commercial exchange blurs the lines between the personal and the professional, how will the economy, government regulation, what it means to have a job, and our social fabric be affected? Drawing on extensive research and numerous real-world examples - including Airbnb, Lyft, Uber, Etsy, TaskRabbit, France's BlaBlaCar, China's Didi Kuaidi, and India's Ola - Sundararajan explains the basics of crowd-based capitalism. He describes the intriguing mix of "gift" and "market" in its transactions, demystifies emerging blockchain technologies, and clarifies the dizzying array of emerging on-demand platforms. He considers how this new paradigm changes economic growth and the future of work. Will we live in a world of empowered entrepreneurs who enjoy professional flexibility and independence? Or will we become disenfranchised digital laborers scurrying between platforms in search of the next wedge of piecework? Sundararajan highlights the important policy choices and suggests possible new directions for self-regulatory organizations, labor law, and funding our social safety net.--Book jacket

Introduction -- Cause : The sharing economy, market economies and gift economies ; Laying the tracks: digital and socioeconomic foundations ; Platforms: under the hood ; Blockchain economies : the crowd as the market maker -- Effect : The economic impacts of crowd-based capitalism ; The shifting landscape of regulation and consumer protection : The future of work: challenges and controversies -- The future of work: what needs to be done -- Concluding thoughts