Monthly Archives: August 2018

You Don’t Own Me

Apple’s lockdown on modifications to its products. ¬†Netflix for DVDs. Uber/Lyft for auto transportation. Kindle for books (no, you do not own your purchases according to the fine print).

Americans now own less stuff, which leads Tyler Cowen to wonder if this phenomenon of surrendering the rights of ownership is a negative for society. ¬†Many individuals find copious ownership to be out of reach, at least for the lifestyle that is both desired and readily available “for rent.” Housing is now just one piece of that trend.

We at MC do NOT think this trend of transient proprietorship is a harbinger of a collectivist state, but instead, represents the sum of individuals’ rational cost-benefit decisions in the internet-based economy. Would you agree?