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This is partly a US-vs-rest-of-world cultural misunderstanding. Here in Europe housing units are much smaller than in the USA, people live on top of each other and many of the things you mention are already shared. And it's not actually a problem for everyone. In Sweden, for example, even middle-class people live in apartment buildings with collective heating.
I guess you'll say that, at heart, deep down, Europeans really want to be Americans and live in suburban castles and drive and share nothing, and maybe you are even right. But whether we want it or not, that is not a sustainable solution for humanity. An electric drill being used for 5-20 minutes in its lifetime is, I continue to believe, a very decent microcosm of the whole problem.
You think I say a lot of things.
I agree, we own many things that we should borrow. I disagree that electric drills are the worst offenders. I wish my small town had a lending library. I would gladly use it. But I would still keep a drill at home, even though I have 3 at work.