Curing the Ills of a Shared Economy

TODAY

03 June 2018

Christopher H Lim and Vincent Mack, from RSIS, NTU, wrote in their commentary that in the past decade, the shared economy business (SEB) has grown from its humble beginnings based on the online market place into a major disruptive force in our global economy. While the SEB in theory sounds like the panacea for future economic development, attempts at running SEBs had resulted in the creation of garbage for society. For the SEB to be truly sustainable, business operators/owners need to “genetically modify” the SEB model with a “lysosomal” function – where garbage of all types will be eliminated instead of socialised, with full transparency.

Categories:

RSIS / Online