Why No one Washes a Rental Car

“In the history of the world, no one has ever washed a rented car.” That saying, attributed to the economist Lawrence Summers, former President of Harvard, is a delightful metaphor for the relevancy of a culture of private property ownership in human affairs. A renter has little incentive to wash a car that he or she does not own, is returning to…
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Why No one Washes a Rental Car

“In the history of the world, no one has ever washed a rented car.” That saying, attributed to the economist Lawrence Summers, former President of Harvard, is a delightful metaphor for the relevancy of a culture of private property ownership in human affairs. A renter has little incentive to wash a car that he or she does not own, is returning to…
Read More...

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