Comment by moate
2 hours ago
>>So where the hell is the money going??
Are we really asking this question in the year of our Late Stage Capitalism lord 2026? Are we confused about the American Oligarchy working with private equity to dash all the labor gains of the mid-20th century?
It's going to billionaire's Yacht & Bunker funds. The gig economy is about inserting tech into the middle of a functioning system to extract wealth for 4-5 dudes' benefit.
Who is rich? The platforms aren't making a lot of money, they've been losing money for a very long time. The valuations were pumped by VC money and maybe the founders are paper rich.
Stop hand waving about capitalism. Give me a real answer.
in your substack gas 1.5$/gallon
Might be diff with others but I delivered maybe 5m out most. Mostly less than a mile (sense suburb). I drove maybe 20-30 miles in a 3 hour shift
The companies are losing money so the C-suite are doing what most small business owners are doing and not drawing a paycheck so they can make payroll, right?
...right?
Donald Trump is worth billions of dollars despite dozens of his projects "losing money"/going bankrupt. I will stop "waving about capitalism" when it stops doing the same fucking thing while incredulous passersby go "surely it must be something else causing the problem".