Posts tagged Brett Scott

There’s nothing resembling a “sharing economy” in an Uber interaction. You pay a corporation to send a driver to you, and it pays that driver a variable weekly wage. Sharing can really only refer to one of three occurrences. It can mean giving something away as a gift, like: “Here, take some of my food.” It can describe allowing someone to temporarily use something you own, as in: “He shared his toy with his friend.” Or, it can refer to people having common access to something they collectively own or manage: “The farmers all had an ownership share in the reservoir and shared access to it.” None of these involve monetary exchange. We do not use the term “sharing” to refer to an interaction like this: “I’ll give you some food if you pay me.” We call that buying. We don’t use it in this situation either: “I’ll let you temporarily use my toy if you pay me.” We call that renting. And in the third example, while the farmers may have come together initially to purchase a common resource, they don’t pay for subsequent access to it.

via https://howwegettonext.com/reversing-the-lies-of-the-sharing-economy-a85501d14be8?source=ifttt————–1

It seems uncontroversial that these systems may individually lower costs to users in a short-term sense. Nevertheless, while startup culture is fixated upon using digital technology to narrowly improve short-term efficiency in many different business settings, it is woefully inept at analysing what problems this process may accumulate in the long term. Payments startups, for example, see themselves as incrementally working towards a ‘cashless society’: a futurist buzzword laden with positive connotations of hypermodern efficiency. It describes the downfall of something 'old’ and archaic – cash – but doesn’t actually describe what rises up in its place. If you like, 'cashless society’ could be reframed as 'a society in which every transaction you make will have to be approved by a private intermediary who can watch your actions and exclude you.’

http://thelongandshort.org/machines/automation-and-the-future-of-personal-finance