David over Goliath: Power of the Sharing Economy - SXSW Interactive 2013 by SXSW published on 2013-03-11T23:19:21Z The sharing economy. Collaborative consumption. Call it what you will, it is clear that these new social and commercial technologies have collided with macroeconomic forces like the recession and the failure of big hierarchical institutions. This convergence has changed the way people consume goods, educate and employ themselves, and create enterprises, spawning a new economy, invisible to the metrics we use measure society’s condition and progress. While many argue that these trends generate enormous social value, our societal paradigms are not prepared to answer this question since we tend to measure value captured, not value created. Further complicating the conversation, a recent NYT article questioned if these trends are “fostering a race to the bottom,” suggesting that the economic opportunities the sharing economy creates are undesirable. This panel will attempt to illuminate the impact of the sharing economy.