Neoliberalism in an app

GUEST: Tom Slee, software industry critic and author of several books including No One Makes You Shop at Walmart and more recently, What’s Yours Is Mine, Against the Sharing Economy, talks about Uber, AirB&B, and the destruction of the commons.

Tom led us into an interesting discussion of the "commons," community structures that people create and maintain for the good of all. Sometimes these commons are monetized, leading to a few people getting rich by selling what many others have created.

The Internet seems to have accelerated this process, first promising an enhanced "commons," but in the end destroying how communities really work.

Tom adds a good deal of research to his book, showing how a current lack of regulation accelerates the ripping off of the public good. Hedge funds pour billions in, and CEO's become desperate to make a return on investments by squeezing employees and cutting down on safety requirements. 

In a sense, these Internet corporations have not resulted in more freedom at all. Just a more sophisticated externalizing of costs and maximizing of profits. Neoliberalism in an app.