April Rinne of WEF on Regulating the Sharing Economy

​The sharing economy has taken off with the dramatic rise of companies like Uber and Airbnb, but the measures to regulate it are lagging far behind. April Rinne of the World Economic Forum says the public’s perception of what’s necessary to extend the benefits of so-called collaborative consumption to everyone—high and low income alike—is also lagging. “At the end of the day, sharing rather than owning assets, regardless of how much you have, still helps you save money,” Rinne said at September’s Techonomy Detroit conference at Wayne State University. “We need to rethink whether we’re looking at this as there’s one model for hipsters and people that are well-to-do and there’s another model for low income. There’s a whole lot of opportunity in the middle.”

​The sharing economy has taken off with the dramatic rise of companies like Uber and Airbnb, but the measures to regulate it are lagging far behind. April Rinne of the World Economic Forum says the public’s perception of what’s necessary to extend the benefits of so-called collaborative consumption to everyone—high and low income alike—is also lagging. “At the end of the day, sharing rather than owning assets, regardless of how much you have, still helps you save money,” Rinne said at September’s Techonomy Detroit conference at Wayne State University. “We need to rethink whether we’re looking at this as there’s one model for hipsters and people that are well-to-do and there’s another model for low income. There’s a whole lot of opportunity in the middle.”

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