French share their way through recession

Collaborative consumption seen as a growing web powered economic model based on 'crowd sharing'.

    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.

    SOURCE: Al Jazeera


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