The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop #01649

Submission Number:
01649
Commenter:
Robert Fudge
State:
Utah
Initiative Name:
The "Sharing" Economy: Issues Facing Platforms, Participants, and Regulators A Federal Trade Commission Workshop
Dear Commissioners, I write in regards to my experience as a host through AirB&B. My wife and I starting hosting over the site this past December, and our experience has been nothing but great. Our motives were not primarily financial, but rather wanted to utilize a part of our house that became available when we became empty-nesters. We have hosted 12 separate guests/couples, and have found all of them delightful. Social scientists as diverse as Robert Putnam and Charles Murray have written how the lack of inter-class socializing has had a negative impact on the United States, both economically and socially. Through our hosting, we have met people whom we ordinarily would never get to meet, from diverse walks of life and all regions of the country. Because we get to see their reviews, and they ours, ahead of time, and because all parties involved are motivated to obtain good reviews from others, there is an incentive in place for people to treat each other respectfully and fairly, which in turn helps to break down barriers of trust that seem all-too-prevalent in our society. It will be fascinating to observe how the sharing economy continues to transform disrupt old business models and bring people together, but from our experience, we anticipate that the positive outcomes will far outweigh the negative, and we encourage you to put regulations in place that will help facilitate, rather than hinder, this process. Dr. Robert Fudge