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Friday, June 30, 2017

The shared economy is the future of stuff.

The shared economy is the future of stuff, the future of Stuff Is having more and owning Less. If you’re one of the many people who’s embraced the sharing economy, you’ve probably stayed in someone else’s apartment or ridden in someone else’s car. Maybe you’ve also done away with your clutter of DVDs, books, or CDs, since you can watch movies on Netflix, read books on Kindle, and hear music on Pandora. The concept of having more while owning less sounds paradoxical, but that’s exactly the scenario we’re finding ourselves in. Technology is enabling us to move away from ownership and towards an economy based on sharing and subscriptions. Platforms like Airbnb and Lyft or Uber connect renters and riders to landlords and drivers, and digitization means all kinds of media can be stored, streamed, or downloaded in seconds. This concept has also found its way into agriculture,where sharing or leasing is the rule of the game. A platform where investors can lease a plot/ piece of land ,signify interest in an area of agribusiness,pays(subscribes) farming is carried out on behalf of investor and payout is done at the end of contract. see In a new video from Big Think, author and WIRED founding executive editor Kevin Kelly explores the limits of what he calls the subscription economy and asks, “Is this the end of owning stuff?”