What is Economic Equilibrium?
The concept is defined as a beneficial market-dynamic (component) of an economic infrastructure characterized by a driving force, in terms of both breadth and depth (bottom-up & top-down), of wealth-creating capacity and exchange. Now then, while collaborating is a qualified component of efficient development (a.k.a., brain-storming) there is little to no economy in an intellectual process without a productive, tangible, output that is either fungible or at the very least, economically quantifiable.
Economies only (ever) function beneficially when and where there is a local demand that itself is in possession of a capacity to exchange some “thing” (money/commodity) for whatever it is that fills a participants demand. In short, it is the market (demand in search of supply with capacity to trade for it) that establishes value and not the business entity.
The “Sharing Economy” concept, as with the case of the One-World-Market Syndrome fails primarily due to the simple fact that the most important market of all, the local economy’s model is purely and perfectly a consumptive (predatory and in economic terms) regime.
A convenience-economy is no more a durable economic process than is evaporating water in Death Valley. Regardless of where the collaborative effort of the sharing event may occur it becomes, as we are experiencing, nothing more than a faucet attached to a dry well. And surrounded by an ever increasing number of thirsty people confronted by fewer and fewer resources for drilling their own well. More in Part 3 of 3.
Curtis C. Greco, Founder
