In its purest sense, that is the sharing economy. But it very quickly ran into an issue: while some people act out of altruism, most don’t. My drill is mine. Why should I share it with you?
Some sites, such as Freecycle, still focus on acting out of the goodness of one’s heart, but the success stories of the sharing economy solved the problem by looking to the old economy. And so “sharing” became “renting”. Even today, one report finds 20 companies in the sharing economy whose offering can be summed up as “you can borrow stuff you don’t want to buy”. Nine of them have a name beginning with “rent”.
Once money started changing hands in earnest, business really started booming.
So everyone does get richer by moving assets from lower valued uses (sitting on the shelf for that drill) to higher valued uses (drilling something) and Hearn’s all a twatter because cash money is involved?