Economy

The Sharing Economy Could Drive Down the Price of Mega-Events

'Invisible infrastructure' may already be cutting costs for things like the World Cup or the Olympic Games—not to mention natural disasters.
Airbnb CEO Brian Chesky speaks at The Atlantic's CityLab 2014 summit in Los Angeles. Melanie Leigh Wilbur

Corporations are people, too, the ol' Supreme Court saying goes. But in fact it's people who are the businesses these days, according to Brian Chesky, the founder and CEO of Airbnb, that platform that lets people be hotels.

"You used to have a world with people and businesses," he said Monday, during a panel at The Atlantic's CityLab 2014 summit. In the old world, people turned to businesses for market exchanges, brands they could trust. "You wouldn't trust a hitchhiker. You can't trust a person you see on the street."