FOCUS
Focus_2016-02_February
Focus_2016-02_February
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
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