Who’s Afraid of the Workers’ Revolution?

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This is where things are going. Not a wish or hope. Opportunity.

From Jeffrey Tucker.

(From Fee.org)

The technological upheaval of the last decade has given rise to a wonderful restructuring of some major aspects of economic life. The most impressive fall under the label of the “sharing economy” or the “peer-to-peer (P2P) economy.” They represent an implausible form of egalitarianism, rightly understood: everyone has access to and controls the means of production. It seems like a socialist dream, except that it is being realized through private property, entrepreneurship, and the universalization of the commercial spirit.

The new ventures are characterized by democratic access, so that anyone with an Internet connection can be involved.


The most prominent examples are ride sharing, peer-to-peer lending, privatized urban taxi services, temporary housing solutions, house cleaning services, technical service providers, cryptocurrency, the maker movement of 3-D printing, and so on. They connect producers with consumers directly in a two-way street through clever digital-interface solutions, most of which have been invented by young, non-establishment code slingers who are thinking their way out of the status quo. This whole approach might be considered a very advanced stage of capitalism in which third parties exercise ever-less power over who can and cannot participate.

Against innovation

Who could possibly be against such innovations? The answer is rather obvious: entrenched economic interests who stand to lose their old-world, government-regulated, and government-protected monopolies. Municipal taxi services, for example, feel deeply threatened by services such as Uber, Lyft, and Sidecar, which allow anyone to become a transportation service provider. The established monopolies are lobbying governments to crack down and are experiencing some modicum of success.

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