Illustrated piece by Susie Cagle on the effect that the “sharing economy” (think Uber, Lyft, AirBnb, etc) is having on the overall economy. Here’s the bottom line:
The sharing economy has painfully noble goals. But a society and an economics that truly values civic engagement, the commons, and trust between people is one that invests in the protection of those people so they can really prosper, even when something goes wrong.
I would agree that in the presence of a strong social safety net, the sharing economy would look very different. As it is, it looks like a way for rich people to exchange the opportunity for workers to steal some crumbs from other workers in service of shrinking the overall pie.
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