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68 sats \ 3 replies \ @SimpleStacker 20h \ on: The Ownership Obsession: What Uber and AirBnB Really Sell (TDE, Munger) econ
Ah! I've actually published on this subject. The way I've characterized it is that Uber and Airbnb help small suppliers sell spare and under-utilized capacity. Which is efficiency-improving overall.
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0 sats \ 2 replies \ @denlillaapan OP 20h
aaaah woooaaah! Very nice... seems like a hip, economics-friendly thing to write about. Reality giving us illustration of theoretical concepts and informing our theoretical understanding!
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72 sats \ 1 reply \ @SimpleStacker 20h
Yep! I wouldn't quite agree with Munger 100%, though. I think his analysis is overall correct, but only from a purely "rational consumer agent" perspective. I think what he leaves out is the feeling of dignity of owning something, versus having to rent everything. Even with hyper-efficient rental markets, part of me believes that people will inherently prefer ownership. This is why people reacted so strongly to the WEF's "You will own nothing, and you will be happy" messaging.
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7 sats \ 0 replies \ @Undisciplined 18h
"Ownership" means having the exclusive right to control. People like that property in the things they interact with.
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