How the sharing economy could help repair our sense of community

The market can destroy the social fabric. Can it stitch it back together?

Sharing economy
(Image credit: (Illustration Works/Corbis))

One of the more depressing social trends is that, since the 1970s, fewer and fewer Americans have told surveyors that "most people can be trusted."

So it's interesting to note that trust appears to be a primary glue holding the sharing economy together. According to a survey of U.S. consumers by PricewaterhouseCoopers (PwC), 89 percent of those familiar with the sharing economy agreed it was based on trust between providers and users. Sixty-three percent thought the sharing economy was more fun, and 73 percent agreed it builds stronger communities. And PwC estimates the sharing economy could hit a massive $355 billion in global revenues by 2025.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us