asterisk2a + technology + capitalism   5

Uber loses court appeal against drivers' rights - BBC News
[ ANOTHER COURT IN UK SAID, UBER DRIVERS ARE EMPLOYEES.] Uber said there were two further possible stages in the appeal process - the Court of Appeal and the Supreme Court. &! Deliveroo - http://www.bbc.co.uk/news/business-41983343 - But the CAC found they were self-employed because of their freedom to "substitute" - allowing other riders to take their place on a job. &! http://www.bbc.co.uk/news/business-41980922 - Handy gig cleaning app. and its policy acts causes social media row.
UK  Uber  Platform  1099  Self-Employment  gig  Economy  on-demand  working  poor  poverty  insecurity  Precariat  minimumwage  Mindestlohn  TaskRabbit  neoliberal  Exploitation  workers  rights  trade  union  neoliberalism  Capitalism  profit  maximisation  PAYE  NI  taxation  pension  scheme  bailout  welfare  state  recovery  Technology  totalitarianism  technocracy  Super  Rich  1%  Plutocracy  Oligarchy  evasion  avoidance  tax  employment  law  Deliveroo 
november 2017 by asterisk2a
Fortune 500 firms in 1955 vs. 2014; 89% are gone, and we’re all better off because of that dynamic ‘creative destruction’ | AEIdeas
Economic Lesson: That’s a lot of churning and creative destruction, and it’s probably safe to say that almost all of today’s Fortune 500 companies will be replaced by new companies in new industries over the next 59 years, and for that we should be thankful. The constant turnover in the Fortune 500 is a positive sign of the dynamism and innovation that characterizes a vibrant consumer-oriented market economy, and that dynamic turnover is speeding up in today’s hyper-competitive global economy. Steven Denning pointed out a few years in Forbes that fifty years ago, the life expectancy of a firm in the Fortune 500 was around 75 years. Today, it’s less than 15 years and declining all the time. In the end, the creative destruction that results in a constantly changing group of Fortune 500 companies is driven by the endless pursuit of sales and profits that can only come from serving customers with low prices, high quality and great service.
creative  destruction  Fortune  500  capitalism  economic  history  technological  history  technological  progress  skill-biased  technological  change  technology 
august 2014 by asterisk2a
Paul Kedrosky: Why I Love Venture Capitalists
Creating a successful startup is among the hardest things you can do in a capitalist economy. Entrepreneurs must successfully navigate a sea of multi-dimensional uncertainty, from technology (will it work?), to people (do I have the right employees?), to market (will anyone care?), to financial (can I finance doing this, and can I then sell the product or service for more than it costs?) At big companies you can fail at launching a product, fail at hiring people, fail at making money on a product, and fail at figuring out whether something will work. Your big company will probably be unaffected, and you may even get promoted. Do any of those things wrong at a startup and, in all likelihood, you’re dead. You are wandering a maze of dark and twisty passages — most of which are paved with trapdoors to hell.
business  technology  VC  entrepreneurship  capital  Investing  venturecapital  entrepreneur  capitalism  relationship 
october 2009 by asterisk2a

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