Rachel Botsman, author of What's Mine is Yours, explains collaborative consumption - with the 'help' of Julian Morrow. Basically it's the concept that having access to something can be better than owning it.
The cordless drill is a classic case. On average it's used for only 12 minutes in its lifetime. It spends more times being made than it does being used. Yet it seems everyone has one. A better solution might be for a couple of people in the street to have one - and for other people to borrow it. Streetbank is a good site I've found for sharing a variety of things with your neighbours.
Added to the sites mentioned in the video, there is a directory of them on the Collaborative Consumption website - organised by topic.
All this sharing helps prevent wasteful production. Less energy consumed by factories and trucks - and less stuff eventually going to landfill. Aside from that, it's a great money saver. Now that's a Convenient Solution.
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