We Already Own Almost Nothing, But Are We Happy Yet?

We Already Own Almost Nothing, But Are We Happy Yet?

Do we really own much of anything these days? Well, I thought we did. Like corporate stocks, securities. Turns out we don’t. We “own” only a “security entitlement” – a claim on the underlying security that is held by an agent. And so much today is bought as a subscription, lease, or collateralized loan. The situation here is worse than I could have imagined.

Welcome to the Rental Economy. Maybe.

Welcome to the Rental Economy. Maybe.

I’ve been reading a lot lately about the joys of the “rental economy”, which is apparently already upon us. Did you know this? If so, do you have any idea what it actually means? Is it much more than good old car, apartment, and hotel (etc.) rentals? Maybe even part of the Great Reset? If so, not so joyful.