The Sharing Economy, the Future of Jobs, and “PostCapitalism” In this longer article, Adam Booth examines the rise of the sharing economy, which has featured heavily in the media because of firms like AirBnB and Uber. These new models are presented as offering a revolutionary new dynamic phase in the life of capitalism. But the reality under capitalism is far from this utopian promise.
The system is broken - for a revolutionary solution! The world economy teeters on the brink and the global capitalist system has entered its deepest crisis since the 1930s. Governments around the world are scrambling to stabilize the economy, but by doing so they are disrupting the already fragile social and political equilibrium.
Stock market meltdown: Harbinger of new world slump World stock markets have been in meltdown from Shanghai and Shenzhen to London and New York. A sea of red blighted the computer screens of the stock exchanges everywhere in a panic global sell-off. Shock and disbelief among investors was ubiquitous. Even as the Dow Jones claws its way back from its worst losses, extreme volatility pervades the entire system. Could this crash be a one-off event, which will quickly return to normal, or the beginning of a series of shocks in an unstoppable chain of events?
