In 2017 the price-adjusted income of the bottom 70% of Canadians was lower than in the late-1970s. Meanwhile, the wealthiest 10% of Canadians were receiving over 50% more income.
The quest for profit will always drive cost-cutting and externalization is one of the most effective means of cutting costs.
Whatever ‘sharing economy’ ideals may have motivated the company’s founders, Airbnb is now emblematic of the significant damage a tech company can do outside the digital world.
Cheapness is an illusion.
The invisible hand exists nowhere outside the utopian fantasies of free marketeers.
Social disruption due to climate change is here and will almost certainly grow worse. But the solution is not for the wealthy to adopt a bunker mentality
It is entirely possible to imagine our current economic system rapidly changing our energy use. But that will not solve the multifaceted ecological crisis.