Twenty20

How sharing economy regulatory models could resolve the need for Title II net neutrality

Sharing economy companies have had no shortage of regulatory battles, but companies such as Uber, Airbnb, and TaskRabbit are innovating and improving regulation by incorporating the very trust created through their platforms. Arun Sundararajan, author of "The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism" (MIT Press, 2016), observes that regulation need not originate with the government. He writes that it can take a myriad of forms while still being rational, ethical, and participatory. He describes three models of regulation used by sharing platforms: peer-to-peer, self-regulatory, and data-driven delegation. The way that sharing economy platforms are innovating regulation with digital trust systems exposes the effort by digital elites to impose Title II utility regulation from 1934 on the internet as backward and out of date.