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southern tip of Vancouver Island to admire “the contours of an<br />

open-ended future” which is being shaped before our very eyes.<br />

Mr Miller embraces the notion of post-capitalism “sharing” like<br />

an ardent born-again evangelist who, having repudiated the sin of<br />

substance abuse and anti-social behaviour, now finds salvation in the<br />

modern American consumerism gospel according to Messrs Paul Mason<br />

and Jeremy Rifkin.<br />

Allegedly, Victoria “seems to have the right DNA for this—the<br />

unplanned purpose for which this place was made.” The city possesses<br />

not only that elusive quality of being “self-aware” but also enjoys the<br />

unique role of being a “global crucible for this profound social and<br />

economic transformation.”<br />

According to this fanciful urban mythologist, Victoria is known<br />

for its “love of generosity,” “benign climate and fecund nature,” and<br />

not a lot of “financial aggression and make-a-zillion triumphalism.”<br />

The sharing economy, however, isn’t about sharing relationships,<br />

redistributing wealth, or establishing a collaborative global village. It<br />

is simply another slick way to make money, most of which ends up in<br />

the pockets of multi-billion-dollar entities, investment banks, and<br />

accredited private investors.<br />

The sharing economy is a network of digitally-mediated commercial<br />

exchange platforms that facilitate a link between those who own<br />

something and those who wish to use that something on a short-term<br />

basis. It’s about owners of goods and services making money by offering<br />

consumers access to their goods, services or resources for a given period<br />

of time and for a specified fee.<br />

It’s a pity the author hasn’t assessed one of the darlings of the “sharing”<br />

economy, AirBnB. This multi-billion-dollar venture-capital backed<br />

peer-to-peer short-term lodging service is having a negative impact on<br />

affordable rental housing in many high-cost-of-living cities around the<br />

world in which it now operates. (See “The Sharing Economy Isn’t About<br />

Sharing at All,” Gina M. Eckhardt and Fleura Bardhi, Harvard Business<br />

Review, January 28, 2015.)<br />

While 58 hotels operate in the Victoria area, a variety of online<br />

vacation rental platforms now offer hundreds of premium condo suites<br />

and penthouses for well-heeled short-stay guests. Local residents<br />

seeking permanent rental accommodation are being squeezed out of<br />

the housing market in favour of the higher valued, “sophisticated<br />

sharing guests” who are hosted by condo owners seeking additional<br />

income opportunities without being regulated or taxed as a hospitality<br />

industry provider.<br />

While some “sharing” platforms present an unassuming face to<br />

the world, others reflect predatory, anti-competitive business practices,<br />

such as the new “Uber” ride-sharing service, backed by Google and<br />

Goldman Sachs. (See “Debating the Sharing Economy,” Juliet Schor,<br />

October 2014, www.greattransition.org) Or, they represent the corporatization<br />

of auto-sharing services such as Zipcar.<br />

The new “sharing” economy favours concentrating ever greater<br />

amounts of wealth in fewer and fewer hands in the shortest time possible,<br />

with little or no interference by government or regulators.<br />

Whom does the “sharing” economy serve, and who really enjoys its<br />

promised “benefits”?<br />

V. Adams<br />

Tried everything else? Now make<br />

a resolution to try something that WORKS<br />

Victoria Podiatric Laser Clinic<br />

Laser Treatments for Fungal Nails<br />

Covered by most Extended Health Plans<br />

350 - 1641 Hillside Ave • 250-592-0224<br />

Learn more at: www.victoriapodiatriclaserclinic.com<br />

Gene Miller responds: Hey, V. Adams, fabulous letter! Puts me in<br />

my place. You have me entirely rethinking my perspective, and<br />

now I recognize that the “sharing economy” is simply a Trojan horse<br />

for more capitalist agglomeration by mega-corporations. I’ve been<br />

www.focusonline.ca • February 2016<br />

9

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