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A space for sharing and discussing news related to global current events, technology, and society.
69385 Members
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© 2020 Relevant Protocols Inc.
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Is the subsidisation of companies such as Uber and Wework simply aimed at monopolising markets and driving down labor costs before Venture Capitalists can exit at huge profits by dumping on retail? I personally see the gig economy as having positive and negative consequences for the labor force, but it is hard to ignore concerns over how these organisations are being constructed run and their relationships with workers. "The goal of Son, and increasingly most large financiers in private equity and venture capital, is to find big markets and then dump capital into one player in such a market who can underprice until he becomes the dominant remaining actor. In this manner, financiers can help kill all competition, with the idea of profiting later on via the surviving monopoly."
Is the subsidisation of companies such as Uber and Wework simply aimed at monopolising markets and driving down labor costs before Venture Capitalists can exit at huge profits by dumping on retail? I personally see the gig economy as having positive and negative consequences for the labor force, but it is hard to ignore concerns over how these organisations are being constructed run and their relationships with workers. "The goal of Son, and increasingly most large financiers in private equity and venture capital, is to find big markets and then dump capital into one player in such a market who can underprice until he becomes the dominant remaining actor. In this manner, financiers can help kill all competition, with the idea of profiting later on via the surviving monopoly."
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