The Transition from an Ownership to a Rental/Access Economy
The developed countries of the world are in transition from economies based upon ownership to ones increasingly based upon rental or access. As much as any other trend, this will transform economics, consumption and how we live. The concept of ownership is deeply embedded in economic thought, policy and practice and has been for centuries. […]
GDP Needs to be Rethought or Scrapped: Here’s Why
Gross Domestic Product (GDP) needs to be either re-thought, or scrapped as a measure of economy. Why? For several reasons, including: It measures output, not economy, and with grave unintended consequences It measures output domestically, and this is no longer a useful measure GDP Measures Output, Not Economy The whole point of both […]
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