Links tagged 'capitalism'

The business model for the creative industries is broken (

It is the perfect capitalist model: the owners of assets such as hotels and restaurants skim off large profits, while the people who make those profits possible – the performers sweating in the city’s aircon-dodging venues – walk away penniless.

How the sharing economy is exploiting young workers (

Far from being a paradise of easy money earned on your own terms, the 1099 economy, as it’s sometimes called, is in fact a precarious world best suited for those who are naive, young, and healthy. It may be billed to the public as the face of a new economic future, but in many ways, it’s reminiscent of the piecework economy of the late 19th and early 20th century.