Beware the Benevolent Dictator

A benevolent dictator is certainly better than an awful dictator.  But, it is still a dictator.  There is a trend where companies claim to serve some public interest (your interest) by classifying themselves as a benefit corporation or claiming to be a part of the sharing economy.  The unfortunate danger is that in either case, these companies will continue to further the trend of a few people taking advantage of everyone.

Particularly, when companies rely on the crowd or the community to build success, they are typically claiming to be a benefit corporation.  These companies recognize that they need the community to build out their business model.  And, despite their claim to be a benefit corporation, their focus is to benefit a handful of wealthy people who own the company and to put themselves in a position to control the crowd and build wealth for themselves.

Likewise, companies relying on the community continue to claim a social benefit by promoting a sharing economy.  But, again, it is just a few people who control who shares what with who.  And, their focus is making sure that the few people who own these companies can share the vast majority of the income generated.

These companies need the crowd… they need the community to survive.  They are owned substantially by private equity firms and a handful of wealthy individuals.     It is our job, as the crowd, to demand a better deal.  It is our job to create an economy where the crowd controls the crowd and has some ownership of the assets.  Because, more than anything, we can not let a handful of wealthy people use their wealth and position to control us.

Leave a Reply

Your email address will not be published. Required fields are marked *