How inequitable business models like those in the gig economy can lead to a financial crisis, more regulation, and doubts about the viability of the free-market system.
Topics covered in this episode include:
- What is the expanded role of corporations according to leading chief executive officers.
- What is the gig economy.
- Takeaways from David’s recent experience delivering restaurant meals for Doordash including the huge liability many independent delivery drivers are unaware of.
- Who covers the shortfall when the cost of operating a business is less than what consumers are willing to pay for the goods and services the businesses offer.
- How more regulation results from businesses unfairly passing on costs to others.
- How income inequality and debt can lead to a financial crisis.
Thanks to Policygenius and Sleep Number for sponsoring the episode.
For show notes and more information on this episode click here.
- [0:18] Is Capitalism still working for everyone?
- [2:12] David’s disappointing gig economy experience.
- [6:53] The hidden cost of insurance in gig jobs.
- [9:04] Who pays to close the financial gap created by gigs?
- [14:27] The pitfalls of the gig economy.
- [16:17] What makes capitalism work?
- [19:29] Income inequality is a drag on the economy.
- [23:09] The importance of calculating the entire cost.
- [25:36] How your decisions can impact the health of the capitalist economy.
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