The sharing economy is entering the mainstream, with corporates like BMW getting on board. But how far can sharing cities boost local economies and communities, asks David Boyle? One of the peculiar findings of the UK census in 2001 was that half the UK population lived within half an hour of where they were born, and that this proportion was rising fast. This caused some scratching of heads, but the reason is pretty clear. House prices are now so high that both partners have to be in full-time work to afford a mortgage. That means they need to live near their parents or in-laws to provide childcare during the day. The implications of this are quite far-reaching. For one thing, it isn’t exactly globalisation. For another, when house prices are ruinous and when the economy is faltering – both of which conditions may now be semi-permanent – we really need … (To read the full article, subscribe below)
David Boyle is a director of the New Weather Institute.
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