karl-leffme

19542 Articles by: Karl Leffme

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Karl Leffme is a socialist in New York CIty.

Uber and Lyft Are Threatening a Capital Strike

Uber and Lyft want you to believe they’re suffering an unfair assault by the state of California’s government to end drivers’ independent contractor status. The reality: Uber and Lyft are very wealthy and very powerful, and they’re using that wealth and power to threaten a capital strike, a withdrawing of investment in a way that would hurt drivers and riders, to get what they want.