> You have insanely large pools of capital creating an incredibly inefficient money-losing business model. It's used to subsidize an untenable customer expectation. You leverage a broken workforce to minimize your genuine labor expenses. The companies unload their capital cannons on customer acquisition, while this week’s Uber-Grubhub news reminds us, the only viable endgame is a promise of monopoly concentration and increased prices. But is that even viable?
Inequality is driving this. We have let money become so accumulated, that the owners of the capital are being silly with it at the same time that workers are having a hard time. We have to tax this capital and make it work for everyone.
Inequality is driving this. We have let money become so accumulated, that the owners of the capital are being silly with it at the same time that workers are having a hard time. We have to tax this capital and make it work for everyone.