WEF's Ida Auken: 'Forget Ownership—Lease Everything in the Circular Economy'

WEF 'Young Global Leader' Ida Auken envisions a future without ownership, in which physical goods are rented and shared—in a so-called "circular economy"—instead of owned privately.

"Why do you want to own a cell phone, if you can just lease it? Why shouldn't you lease your refrigerator, or your washing machine, or your dishwasher? Why do you want to own it?"