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by peatmoss 3164 days ago
> What's your problem?

My problem is that Uber has a bunch of venture capital that it can use to entice and entrap vulnerable populations into an exploitative relationship.

It's only "pure capitalism" if one has a shockingly naive view of economics that ignores all of the preconditions that are required for a free market. For example, information symmetry, which is laughably not true given that Uber controls the dispatching with algorithms that are opaque to drivers.

As time approaches infinity, yes, I believe the market will sort out many issues with Uber. In the meantime, I think they have the potential to grind up and spit out many people.

2 comments

"Capitalism" and "free markets" are not the same thing, in fact they are in contention with each other. The natural end of pure capitalism is monopoly and exploitation of labor. I think you might have an idealistic view of what these words mean. Currently, both are on display in all their glory. You think Uber drivers don't know what the other apps pay?
Patronizing! Don't we produce adults who can make their own rational choices anymore? On second thoughts, perhaps not and I'm wrong. [ In 2010, a UK government study concluded that 1 in 5 people between the ages of 16 and 19 (some of the voters of today), were functionally illiterate and innumerate. This in one of the richest countries in the world. I doubt the figures look any better now ]
What choices do these people really have though?