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Europe

French share their way through recession

Collaborative consumption seen as a growing web powered economic model based on 'crowd sharing'.
Last Modified: 26 Dec 2012 23:34

The French are responding to Europe's stagnant economy by sharing rather than consuming.

People have seen that, statistically, most people with a power drill use it for 12 seconds each year, so now they are wondering: why bother buying one?

The same principle is being extended to a widening range of goods and services - from children's toys to commuting - saving billions in the process.

Advocates for collaborative consumption describe it as a revival of the old way of doing things – sharing, renting, swapping - but for the internet generation.

Al Jazeera's Charlie Angela reports from Paris.

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Al Jazeera
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