Revenge of the Rebate

Mark Twain once said “Civilization is the multiplication of unnecessary necessities.” He himself was a gadget freak who lost sums of money investing in goofy inventions but what would he say these days? Had this happened to him he probably would have written a letter too. Another Cowbird story.

Will Drive for Food and Sex

Q: How did the “sharing economy” become a predatory landscape?

A: It’s simple; Capitalism is a predatory beast. Corporations will appropriate idealism, deceive customers, cheat workers, and squander good will in a New York Minute if doing so accrues value to shareholders and executives.

As Dean Baker wrote in CounterPunch several years ago, “… in their exuberance over the next big thing, many boosters [of the sharing economy] have overlooked the reality that this new business model is largely based on evading regulations and breaking the law.” He’s right about the criminality but his piece paints sharing with too broad a brush.

There’s an old Russian proverb that Trump and his minions should take to heart: “A fish rots from the head.” It’s redolent of the kind of moral decay that sets in when CEOs mistake market share, earnings and valuation for virtue. The stench that now pervades the entire economy is overpowering to everyone who doesn’t have a financial bubble to wall it out. Continue reading “Will Drive for Food and Sex”