Swipe your credit or debit card
Drive while you're driving, walking or biking
Meet while travelling away from home
Maybe the Trust economy won't come to the rescue, after all. The hype may just be overblown.
If so, it wouldn't be the first time. An article in the Atlantic reprints a NY Times editorial from May 2, 1938 titled "Prosperity out of Fantasy" which suggested that where new industries and products like televisions, air-conditioners and flivver airplanes ("Model T of the Air") failed to produce good wages or heavy sales, maybe "Industrial Fantasy" would do the trick.
(Wow, who knew we almost had personal airplanes almost 100 years ago.)
The Disney Magic Touch
Walt Disney's early success had many thinking Industrialize Fantasy would be the answer, after all, Snow White and the Seven Dwarfs needed an army of artist, animators, gagmen and then showered fortune on playhouses.
Moreover, the byproduct of toys was remarkable with Snow White alone garnering 117 licensing deals alone. (And you thought that was a recent phenomenon, too.)
Well, Disney was on to something big, but it wasn't big enough to end the recession which took the Great War that brought women into the work place and forever shifted the paradigm of capitalism in America.
So, is the trust/sharing economy Mickey Mouse in the wrong sense of the phrase? It remains to be seen, but it's really amazing that the more things change, the more they stay the same. The bottom line is that America is built to rebound and will this time as well.
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for July 23rd, 2014 | John Ransom