MEDIUM: In 2016, I was invited to Uber’s headquarters (then in San Francisco) to talk about the failings of the digital economy and what could be done about it

Well, there is a concern at the top that the economy has a problem... not that they didn't know about it, but it just is an observable fact now, and the meritocrats have to admit it.

For me, it was a little different. Throwing Rocks at the Google Bus, was about the inequity embedded in the digital economy

The hyperlink on the original page lands on amazon.com. How Growth Became the Enemy of Prosperity, reads the book's cover page. That line alone is paradoxically priceless, because growth has in fact always been the nemesis of prosperity. One cannot get rich without manipulating demand and supply to start with and/or distorting consumers' needs .

Uber was among the worst offenders, destroying the existing taxi market not through creative destruction but via destructive destruction. They were using the power of their capital to undercut everyone, extract everything, and establish a scorched-earth monopoly.

These tactics are as old as humanity, money has always fueled collusion. It all started going out of whack with the industrialization era, when machines began to compete with humans. The game is unwinnable if competition remains our social premise.

Then an employee piped up with a surprising question: “What about UBI?”

Of course, since we have been bombarded with UBI for more than 5 years, many think that the UBI fix will do it.

Contrary to expectations, UBI doesn’t make people lazy. Study after study shows that the added security actually enables people to take greater risks, become more entrepreneurial, or dedicate more time and energy to improving their communities

Right, but it has ABSOLUTELY nothing to do with money itself but the peace of mind that one does no longer need to struggle to make ends meet, paying the bills. It is a psychological consequence. So yes, a money-free society will free human potential completely.

Shouldn’t we applaud the... Silicon Valley titans ... for coming to their senses and proposing we provide money for the masses to spend? Maybe not. Because to them, UBI is really just a way for them to keep doing business as usual.

Anything the top comes up with and sells us as a solution is, sorry, a trap... 2000 years of records prove that it always has been the case. One cannot stay in power without cheating and distorting. If masses ever were informed evenly, they would be able to make up their mind by themselves, and figure out the best course of action.

Uber’s business plan, like that of so many other digital unicorns, is based on extracting all the value from the markets it enters.

Wealth is always the result of a massive wealth transfer operated with the injection of lending into the economy. If consumers/taxpayers do not go into debt one way or another, no growth is ever possible. The rich spend between themselves to keep each other afloat and organize their monopolies further.

The real wealth increase comes from the middle and poor classes which are sold the illusion that wealth is accessible to anybody. In fact it is a mere lottery, a casino, the winners being portrayed as social models. Of course, staying out of debts is already something. But just imagine a majority doing this in such an economic landscape, and we'd have a global crash anyway.

This ultimately means squeezing employees, customers, and suppliers alike in the name of continued growth.

Every time you hear the word "growth", just imagine the altar of greed... anything goes. Interestingly, at the original link, you can read how the same monopoly tactics were already used on the 1500's.

When it’s looked at the way a software developer would, it’s clear that UBI is really little more than a patch to a program that’s fundamentally flawed.

There is a reason as why the elite promote UBI, and that very reason is that the economy will eventually falter after several interest rate hikes. Problem, reaction, solution.

Of course, it all comes at a price: Digital monopolists drain all their markets at once and more completely than their analog predecessors. Soon, consumers simply can’t consume enough to keep the revenues flowing in.

Exactly... UBI to the rescue...

Think of it: The government prints more money or perhaps — god forbid — it taxes some corporate profits, then it showers the cash down on the people so they can continue to spend. As a result, more and more capital accumulates at the top. And with that capital comes more power to dictate the terms governing human existence.

EC has already explained this but phrased differently. It is good to read that others see the same perverted outcome. The velocity of money going into a full loop. How genius!?

However, until now the middle class served as middle-man to refunnel the money back to the top. But obviously the digital meritocrats figured out a way to bypass the latter. And if they did not do that, they would go all belly up. Shareholders want to see endless profit or they seek for the exits. The sole aim of competition is eliminate all competition. And that brings about fascism or communism. Both are collectivist ideologies.

Once the ability to create or exchange value is stripped from us, all we can do with every consumptive act is deliver more power to people who can finally, without any exaggeration, be called our corporate overlords.

There is no way to stop competition but going money-free. It is the most rational step ever humanity could make if a majority understands how doomed we really are. Darwinism for humans does not and will never work out.

To venture capitalists seeking to guarantee their fortunes for generations, such economic equality sounds like a nightmare and unending, unnerving disruption. Why create a monopoly just to give others the opportunity to break it or, worse, turn all these painstakingly privatized assets back into a public commons?

EC is going to stress it again, sorry for the redundancy but at least you can evaluate the soundness of the argument in favor a money-free society: there lies the metaphysical element... when we die we do not take anything with us... passing on wealth to descendants is just a mega illusion that needs to be exposed. The price of peace and real abundance. No more less.

As appealing as it may sound, UBI is nothing more than a way for corporations to increase their power over us, all under the pretense of putting us on the payroll. It’s the candy that a creep offers a kid to get into the car or the raise a sleazy employer gives a staff member who they’ve sexually harassed. It’s hush money..... FULL/LONG: Universal Basic Income Is Silicon Valley’s Latest Scam…The plan is no gift to the masses, but a tool for our further enslavement | 10/10/2018 https://medium.com/s/powertrip/universal-basic-income-is-silicon-valleys-latest-scam-fd3e130b69a0

Let's face it: it is not just money but the mere presence of money. Money will never facilitate any greater good... we have more than 4,000 years of historical records, and on top of that we now have the technology and the science to end the working classes ideology.. err fallacy.

APR 01, 2018| The Oligarchs’ ‘Guaranteed Basic Income’ Scam
https://www.truthdig.com/articles/the-oligarchs-guaranteed-basic-income-scam/

The Individualism vs Collectivism Debate
https://www.earthcustodians.net/blog/2018/09/28/the-individualism-vs-collectivism-debate-part-2/

The Awakening Series: The Philosophy Of The Free-Range Human
https://www.earthcustodians.net/blog/2018/09/25/the-philosophy-of-the-free-range-human-part-1/

The history of slave wages and class war
(more facts in favor of a money-free society)
https://steemit.com/freedom/@baah/the-class-war

Surprising Truth About What REALLY Drives The Human Nature
https://www.earthcustodians.net/blog/2018/09/04/surprising-truth-about-what-really-drives-the-human-nature-and-the-dystopian-blockchain-trade-volume/

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