| And it's an important distinction. We've seen this name come up in different ways in different time periods. Recently, it's 'late stage capitalism'. Or it's a failure of neolibetalism as a monetary policy. And these failures are old enough that even Marx and Engels saw it in the 1800s, with their critique of capitalism. Exploiters will exploit in a capitalist economy. It'll always be easier to exploit than to make laws to prevent exploitation. Or in this case, yet to make laws to prevent it. The billionaires didn't get rich on hard work. They got rich on your hard work, and by keeping the surplus on every transaction. And with "gig work", they take their cut from both sides, due to information asymmetry. But you do the work, and you keep the pennies. And anyone smart enough can put together that scams like Uber count on no commercial insurance coverage, not being paid for wear/tear/gas/time, not getting essentials like workers comp if injured. Remember, 'gig work' a Shrodingers Job: it's a job until it isn't. And you also have to remember what money is: it's a crystallization of goods+services+time. What if there's not enough good jobs, due to mass automation? If it's a socialist country that planned for it? It's a good thing. It frees people up to do their interests. There's 12 Earth's of food made per year. Why are there hungry people. And that answer: neolibetalist capitalism. Having hungry, homeless, poor people is the 'stick' in this system. |