I was reading about a company in the USA that rents carpets and furniture out to businesses. I got to thinking, what else could we rent? Basically anything as long as we don’t consume it. If no-one owned anything, and rented everything – space, cars, houses, books, computers, how might the economy change? I have no idea – I’m not an economist, but it does feel to me like there would be more of a flow.
From whom would we rent though: the government? Currently we effectively ‘rent’ our houses and cars from the banks – most people never pay off these loans so they are to all intents and purposes, rentals. Yes, governments would need to be more efficient, less corrupt. Who couldn’t name a bank or two where this applies as well?
Perhaps there would be financial rebates for goods handed on in sound condition? So your wealth could be in part dependent on how careful you were with things. What a shift: maintain monetary wealth by taking care of non-monetary stuff!