The Collaborative Economy is an economic model where commonly available websites enable people to get what they need directly from each other, by-passing corporations. Many call this the “Sharing Economy,” renting your cars, tools or an extra bedroom to someone in your neighborhood. However it is not altruistic sharing. This is commerce, because it is dependent upon the exchange of money. It is simply hiring, buying or renting from others without a corporate middle-man. Successful models are Uber, Air BnB and Etsy.
The Collaborative Economy is disrupting traditional business. There are billions to be made for the website owner that makes collaboration possible, so who do you think owns these trending websites? You guessed it, the one percenters, because they are the venture capitalist that provide the funds to develop the websites.
The positive impacts of the Collaborative Economy are the elimination of monopolies, the decentralization of business and the maximizing of your earning potential as a free agent. It also provides connection by bringing people together in their local neighborhoods.
Professor at NYU
What to call it?