The Future of Sharing That's Not Based on Profits

4min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

We have almost all of the tools we would need to solve this problem by a kind of voluntary sharing. We've already lost any claim that we had about privacy, you can already do that. I think there's an enormously rich set of connections as long as it's tied to something like the blockchain that solves the trust problem.

Economist and author Michael Munger of Duke University talks about his book, Tomorrow 3.0, with EconTalk host Russ Roberts. Munger analyzes the rise of companies like Uber and AirBnB as an example of how technology lowers transactions costs. Users and providers can find each other more easily through their smartphones, increasing opportunity. Munger expects these costs to fall elsewhere and predicts an expansion of the sharing economy to a wide array of items in our daily lives.