Silicon Valley Is Ruining Sharing for Everybody

“Brad Burnham, a partner at Union Square Ventures in New York, was one of the few panelists at the recent Share conference to dissent from the airy-fairy rhetoric there. ‘What we’re talking about is the natural tendency of capitalism to consistently find a more efficient way of delivering something,’ he says. ‘It’s information technology lowering transaction costs and revealing assets that can be utilized.’ If only the capitalists who run the companies, as opposed to the ones who finance them, were as clear-headed.”

Noam Scheiber, Silicon Valley Is Ruining Sharing for Everybody