The ‘Sharing Economy’ is a Hoax

Time MagazineStop calling it the sharing economy. It’s an oxymoron, like ‘creation science’ or ‘sustainable capitalism.’ It’s not collaborative: it’s the new indentured servant economy. If you believe these corporations are all about sharing and collaboration, then you’re mightily gullible. You’ve been had.

These are big, multi-billion dollar corporations whose executives are millionaires. They are more akin to drug cartels than to cooperative economics. The economic similarities are evident: both use others – the users or subscribers – to break the law for them, to generate their wealth for them, to do their dirty work, then leave those users to face legal, moral and social ramifications – and costs – on their own.

What, you think the CEOs of Uber rent their own BMW’s or Audi’s seats out to strangers and drive them around when they’re not in the office? That the CEOs of Airbnb rent their spare rooms – and they have a lot in their mansions – to strangers for weekend stays? No: you do it for them so they don’t have to take the risks. They’re laughing at you all the way to the bank.

And to icing the cake: these firms get their service providers to put their own property and even their lives at risk – and the lives and safety of their customers – without having to compensate them for it! It’s a capitalist wet dream! A gold mine of cash flowing one way into the corporate coffers. Open another bottle of that bubbly, James, we’re expanding.

As Dean Baker wrote in the Guardian in 2014:

…this new business model is largely based on evading regulations and breaking the law… If these services are still viable when operating on a level playing field they will be providing real value to the economy. As it stands, they are hugely rewarding a small number of people for finding a creative way to cheat the system.

You’re not getting to “share” your home or your vehicle: you’re working for a company to help buy someone a new yacht. Someone who doesn’t give a shit about your welfare, safety or income. You’re contributing to the 1%. Shame on you.

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