Money For the Rest of Us4 Syys 2019

How Capitalism Gets Off Track

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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