The sharing economy is a little like online shopping, which
started in America 15 years ago. At first, people were worried about security.
But having made a successful purchase from, say, Amazon, they felt safe buying
elsewhere. Similarly, using Airbnb or a car-hire service for the first time
encourages people to try other offerings. Next, consider eBay. Having started
out as a peer-to-peer marketplace, it is now dominated by professional "power
sellers" (many of whom started out as ordinary eBay users). The same may happen
with the sharing economy, which also provides new opportunities for enterprise.
Some people have bought cars solely to rent them out, for example.
Incumbents are getting involved too. Avis, a car-hire firm, has a share
in a sharing rival. So do GM and Daimler, two car-makers. In future, companies
may develop hybrid models, listing excess capacity (whether vehicles, equipment
or office space) on peer-to-peer rental sites. In the past, new ways of doing
things online have not displaced the old ways entirely. But they have often
changed them. Just as internet shopping forced Walmart and Tesco to adapt, so
online sharing will shake up transport, tourism, equipment-hire and
more. The main worry is regulatory uncertainty. Will
room-renters be subject to hotel taxes, for example In Amsterdam officials are
using Airbnb listings to track down unlicensed hotels. In some American cities,
peer-to-peer taxi services have been banned after lobbying by traditional taxi
firms. The danger is that although some rules need to be updated to protect
consumers from harm, incumbents will try to destroy competition. People who rent
out rooms should pay tax, of course, but they should not be regulated like a
Ritz-Carlton hotel. The lighter rules that typically govern bed-and-breakfasts
are more than adequate. The sharing economy is the latest
example of the internet’s value to consumers. This emerging model is now big and
disruptive enough for regulators and companies to have woken up to it. That is a
sign of its immense potential. It is time to start caring about sharing. According to Paragraph 1, which one is NOT true
A.The first online purchase was made by Amazon.
B.Some people buy cars in order to rent them out.
C.When online shopping appeared, people worried its safety.
D.Sharing economy may provide no opportunities for individuals.