Tuesday, January 26, 2010

Rent-A-Life

An interesting concept that's great for the environment and the wallet by reducing the accumulation of more and more stuff.

From the Boston Globe...
Thus was born Rentalic.com. It connects people who own things they don’t use much with people who want to use things without owning them. Members can post either belongings they have to offer or goods they are hoping to find. Items recently listed include a body fat scale ($5 a week), a bread maker ($1.75 a day), and a cupcake transporter ($3 a week).

The prospect of such a change is intriguing. Not only could it mean more savings and less accumulation of stuff for the relatively wealthy; for poorer people, especially in developing countries, it could mean access to goods that would be otherwise unattainable.

The other major promise is environmental. Under the current ownership ethos, manufacturers face perverse incentives: If their wares last a long time, they undermine their future marketing opportunities. But if a company retains ownership itself, the argument goes, it will be motivated to make products that are truly durable - or easy to upgrade or recycle into new ones. And if a single product serves multiple users, fewer goods would need to be manufactured and ultimately discarded. All of this would mean diminished resource extraction from the earth and less trash dumped into landfills.

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