Corbyn Doesn't Get the Gig Economy

Jeremy Corbyn said this weekend that automation and the gig economy has released "a more rapacious and exploitative form of capitalism". He suggests an alternative. Platform firms such as Uber, he says, should be replaced by cooperatives, where gig workers would set their own pay and conditions. Beyond the Marxist connotations of replacing private companies with cooperatives, his statements reflect his party's continued mischaracterization of the labor market.