The Market Fairy will not solve the problems of Uber and Lyft | Ian Welsh: "These business models are ways of draining capital from the economy and putting them into the hands of a few investors and executives. They prey on desperate people who need money now, even if the money is insufficient to pay their total costs. Drivers are draining their own reserves to get cash now, but hey, they gotta eat and pay the bills.
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'via Blog this'