Airbnb does business in 34,000 cities, has a valuation of over 10 billion dollars, and in a very short time has disrupted the world of hospitality and travel. Its co-founder and CEO Brian Chesky envisions the future city as a place where sharing is front and center — where people become micro-entrepreneurs, the local mom and pops will flourish once again, where space isn’t wasted, but shared, and more of almost everything is produced, except waste. But the journey from here to there won’t be all smooth sailing. What are the ups and downs of the sharing economy, as businesses like Airbnb confront critiques about regulation, economic development, and fairness? What role might businesses play in creating more shareable, more livable cities? How will the sharing economy, with its de-emphasis on ownership, be a tool for addressing urban inequality?
By NICK HANAUER
Politico.com, July/August 2014
The model for us rich guys here should be Henry Ford, who realized that all his autoworkers in Michigan weren’t only cheap labor to be exploited; they were consumers, too. Ford figured that if he raised their wages, to a then-exorbitant $5 a day, they’d be able to afford his Model Ts.
What a great idea. My suggestion to you is: Let’s do it all over again. We’ve got to try something. These idiotic trickle-down policies are destroying my customer base. And yours too.
Regulations on pesticides have failed to prevent poisoning of almost all habitats, international team of scientists concludes
The world’s most widely used insecticides have contaminated the environment across the planet so pervasively that global food production is at risk, according to a comprehensive scientific assessment of the chemicals’ impacts.
The researchers compare their impact with that reported in Silent Spring, the landmark 1962 book by Rachel Carson that revealed the decimation of birds and insects by the blanket use of DDT and other pesticides and led to the modern environmental movement.
Here is what I think is a correct assessment of the new global aristocracy that owns a growing percentage of the world’s wealth, and wants more. We think of peasants as agricultural workers. But that is the past. In the present day it is increasingly ordinary workers — both blue and white collar. The wealth differential now is even greater than it was in the 14th century. Click through to see the very useful graphs.
How You, I, and Everyone Got the Top 1 Percent All Wrong
DEREK THOMPSON – The Atlantic
For years, I’ve been making the same embarrassing mistake about U.S. economic inequality. Sorry.