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It is worth a read, but I'm puzzled at the fuss being made about Uber. Some pundits are billing Uber as the first salvo in a new industrial revolution, where assets are made to work much harder as we use IT to allow sharing on a giant scale.

Not sure I see it those terms, seems like a very small tail wagging a very big dog.

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Presumably the QE and the oil price collapse will be discussed in Part 2. If so then 2014's over-arching theme is deflation and the enduring failure of Keynesian prescriptions to effect an orderly and sustainable recovery post-2008.

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Presumably the QE and the oil price collapse will be discussed in Part 2. If so then 2014's over-arching theme is deflation and the enduring failure of Keynesian prescriptions to effect an orderly and sustainable recovery post-2008.

Amen to that!

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It is worth a read, but I'm puzzled at the fuss being made about Uber. Some pundits are billing Uber as the first salvo in a new industrial revolution, where assets are made to work much harder as we use IT to allow sharing on a giant scale.

Not sure I see it those terms, seems like a very small tail wagging a very big dog.

Nothing new about technology enabling one middle man to replace another. Uber simply brings a couple of ideas - namely creative destruction by digital and the shared economy - , like self checkouts do for automation, to something like mainstream consciousness.

Perhaps what is new is that, like surplus labour always has been by capitalists, increasingly almost anything can be an asset to be sweated more easily for personal or corporate profit (your car, possessions and spare living space). Uber is a poster child for this. Interesting because I suspect almost everyone thinks taxis are overpriced, and anything to seeks to bust the various cozy relationships around it will be popular on that level. Some truly stupid PR decisions combined with scapegoating of new internet companies around tax and a possible risk of sex attacks only increase the fascination.

Digital led creative destruction of the old guard? Been going on for years in other sectors like media.

Edited by StainlessSteelCat

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