The age-old sharing economies of Africa -- and why we should scale them | Robert Neuwirth
From rides to homes and beyond, we're sharing everything these days, with the help of digital tools. But as modern and high-tech as the sharing economy ...
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So what I'm doing is a thought experiment. Now you may know of or have read this book by this guy. It's probably the first and maybe the only bestseller ever written about economics. And you probably know a bit about what it says. It talks about how nations all over the world will prosper through the individual pursuit of individual profit. Individual profit will be the mechanism for the prosperity of the world. But the funny thing about Adam Smith is that he was a stay-at-home kind of guy. He actually never went further from Edinburgh than France and Switzerland. So my thought experiment is to imagine what would have happened if Adam Smith had visited Africa. And fortunately, there's actually an easy answer, because the Arab lawyer and traveler Ibn Battuta traveled down th...
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So what I'm doing is a thought experiment. Now you may know of or have read this book by this guy. It's probably the first and maybe the only bestseller ever written about economics. And you probably know a bit about what it says. It talks about how nations all over the world will prosper through the individual pursuit of individual profit. Individual profit will be the mechanism for the prosperity of the world. But the funny thing about Adam Smith is that he was a stay-at-home kind of guy. He actually never went further from Edinburgh than France and Switzerland. So my thought experiment is to imagine what would have happened if Adam Smith had visited Africa. And fortunately, there's actually an easy answer, because the Arab lawyer and traveler Ibn Battuta traveled down th...
