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More on the Sharing Economy

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Nothing promotes widespread and sustainable sharing as much as does the market – or so I argue in my latest column for AIER [2]. I make my argument using a parable. Here’s my conclusion:

Perhaps the world would be a better place if we all had within us a great deal more brotherly love not only for our actual siblings, but also for strangers. (But perhaps not. Loving siblings, after all, sometimes butt officiously and injuriously into each other’s private affairs.) But we must take humankind as it is. And as it is, none of us cares for strangers as much as we care for ourselves, our families, and our friends.

Fortunately, private-property markets guided by prices daily lead each of us to share happily and abundantly with each other despite the reality that we are, to each other, mostly strangers. It’s a beautiful thing.

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