Sharing Economy: A Paradigm Revolution and Chinese Narrative

Sharing economy delivers structural impact on traditional theories of social sciences. To a certain extent, it subverts the classic issues of "invisible hand," "society must be defended," "free-rider problem" and "big government vs. small government" in traditional Western theories of economics, public administration and sociology. Under such circumstances, it is imperative to examine this theoretical innovation from the perspective of paradigm revolution. The Chinese economy(the Internet-enabled sharing economy in particular) is a revolutionary innovation of great significance in world history. China should take this "sharing" tide as an opportunity to promote digital China construction and industrial restructuring and create a new landscape for the construction of a socio-cultural system, a new national regulatory system and a modern governance system. This will help develop a China-led theoretical system of social sciences and essentially support the building of a new world order and a global discourse system.