The theory is simple: instead of buying a household item or a piece of clothing or some equipment you might use once or twice, you take it out and return it.
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It’s a for-profit service that people use to rent-out, and rent-in their tools
So yes this is the same old shit as labeling Uber or Lyft a “ridesharing app” instead of calling it what it is, a taxi service.
The correct name for this type of entity would be a consignment & rental store.
This kind of thing has NOTHING to do with libraries whatsoever in structure but more importantly in intended function and community impact.
Agreed.