About this podcast
Economics is everywhere...if only you choose to see it. Join the FEEcast team every Friday for a lively recap of the week's important stories to give you the meaning behind the headlines.
Featuring Richard Lorenc, Brittany Hunter, Dan Sanchez and Marianne March
Produced by Sean W. Malone, Pavel Rusakov, and Jaye Davidson
The Scooter Revolution Will Be Privatized
August 17, 2018
If you live in a major city, you’re probably seeing Bird and Lime electric scooters everywhere. They may look abandoned, but they’re actually ready waiting for any user to pick up and pay to use with a smartphone app. They may look like easy pickings for thieves, but Bird and Lime have adopted various measures that have kept theft and vandalism to a minimum.
These companies have every incentive to innovate and implement ways to secure and maintain their resources, because the scooters are their private property. They fully benefit from such care and fully suffer the costs of any negligence. Compare this to communal/public property, which is so often overused and under-maintained.
In this episode, FEEcast explores the philosophy and economics of private property. Why is it important? Should property rights be “balanced” against other rights? Watch, consider, and comment!