3 ms·
>Rushkoff points out that basic economy theory, as laid out economist and philosopher Adam Smith, recognizes three factors of production: Land, labor, and capit
by dclowd9901 11y ago
>Rushkoff points out that basic economy theory, as laid out economist and philosopher Adam Smith, recognizes three factors of production: Land, labor, and capital. But in the current digital economy, only capital is valued.
Stopped here. Airbnb commoditizes land, and Uber commoditizes labor. They do so very efficiently, but the problem is they take too much for the parent company for how efficiently they commoditize these assets.
I can't take someone seriously who can't even get the basics right.
- GuiA 11y agoIf you hadn't stopped there you would have seen that he addresses why Airbnb/uber aren't counter examples in the next paragraph.