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The 'Capitalism is Broken' Economy

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Hasnain says:

This was such a good read that it was hard to pick one thing out to quote - I kept changing my decision.

“What goes unsaid in many of these stories is the fact that the jobs are shit jobs, whether because of the unsustainability of the pay, the Covid exposure, or the shit treatment they’ll receive from tourists.

Stick with me here, but what if people weren’t lazy — and instead, for the first time in a long time, were able to say no to exploitative working conditions and poverty-level wages? And what if business owners are scandalized, dismayed, frustrated, or bewildered by this scenario because their pre-pandemic business models were predicated on a steady stream of non-unionized labor with no other options? It’s not the labor force that’s breaking. It’s the economic model.”

Posted on 2021-04-27T00:06:37+0000