Enterprises like Uber and Airbnb “basically suck value out of the local economy” by trying to work around social laws and other regulations, says Michel Bauwens. But simply banning them would be short-sighted, he told EURACTIV.com.
The success of sharing economy firms offers new opportunities to insurers who see Uber drivers and Airbnb flat owners as a potential source of revenue. But setting up a safe environment for digital platforms, contractors, and users remains a challenge.
Services such as ride-hailing app Uber and home-rental site Airbnb should only be banned as a last resort, the European Commission said on Thursday (2 June), as it seeks to foster development of the "sharing economy".
Europe tends to be perceived as a laggard when it comes to innovative technologies. This characterisation must be taken with a grain of salt. After all, some European countries are global leaders in innovation, writes Diego Zuluaga.
The European Commission will ask member states to review and amend legislation, when necessary, to end the fragmentation faced by Uber, Airbnb and other collaborative platforms in Europe, EURACTIV.com has learned.
The European Commission's highly anticipated views on the sharing economy are expected to pave the way towards a solution to outstanding complaints put forward against the likes of Uber and Airbnb in a number of EU countries.
The European Union is the biggest economy and largest trading bloc in the world, yet our position in the global economy has been decreasing in relative terms. A fully integrated single market can help put us back on top, writes Joseph Daul.