How depending on a platform is a ticket to financial ruin, and what to do about it

UC Berkeley economist J Bradford DeLong's wide-ranging Reinvent interview covers a lot of ground, but is especially fascinating on the long-term trajectory of small businesspeople who bet their commercial futures on platforms -- he uses Uber drivers as an example, but this has implications in lots of sectors. Read the rest

Jeremy Corbyn: damned right we're a threat to the economic order

Tory Chancellor of the Exchequer Philip Hammond called the Labour Party an "existential challenge to our economic model"; to which Labour leader Jeremy Corbyn said, that is "absolutely right" and that Labour would destroy the current model, which "allows homelessness to double, 4 million children to live in poverty and over a million older people not getting the care they need." Read the rest

Small town Uber driver quits, launches a one-driver rival

Suzanne Ashe was the only Uber driver in Haines, Alaska, and the app wouldn't let her stay logged in and available because the rides came so infrequently. Read the rest

Uber threatens to leave Seattle if drivers can unionize; drivers rejoice

The City of Seattle voted to allow Uber drivers to form a union, and Uber says that if its court challenge to the rule is unsuccessful, it might leave Seattle. Read the rest

Proposal: turn Twitter into a user-owned co-op

Though Twitter brings in a hell of a lot of money, it's not enough to satisfy the company's investors, who are said to be contemplating a sale to Google or Salesforce; in The Guardian, Nathan Schneider moots the possibility of turning Twitter into a co-operative platform. Read the rest