 Haha, I'm on a ruba. Well, I'm here working though, but most people are here enjoying free time We often talk about the value of a work in jobs, but what's the value of free time today's topic is the sharing economy Economics, it's the understanding of value creation and value distribution So obviously if you are poor then you need to focus on the first how to create value how to make money But then when that problem is solved you can shift focus towards distribution how to use that money wisely At least not lose it all on an individual level. This is easy to understand But in the bigger scale as society, it's quite hard So if you make money, should you then pay for someone else so you end up paying for your neighbors kids to go to school? Well, we don't call this pay for someone else money. We call it taxation In the eye of the capitalist the US economy is currently very strong a booming stock market low unemployment rates and so on But at the same time millions of Americans Can't afford to go on vacation. They have to choose between a career and parenthood They can't retire 40 million Americans are on the food stamp program Doesn't sound like strong economy to me and it doesn't have to be like this The US just like any other wealthy nation have already been through the hard and labor-intensive production phase It's a rich country. They could decide to choose another path for the future So let's imagine the future So we have this high-tech future where technology AI and robots take most of our jobs They can pretty much solve anything with technology Now there are two scenarios. So first is the capitalist high-tech future in that scenario the capitalist the owner of the technology Takes it all the winner takes it all and the rest of us use poor losers But if the winner takes it all and the rest of us are poor losers Then the capitalist has no market and no customers and without customers. The capitalist has nothing. It's game over So again, obviously we probably need to shift focus from how to create value to how to distribute it And that's the second scenario in a civilized high-tech future then We spend so much more energy time focus on how to redistribute wealth So that we create a solid sharing economy and in a solid sharing economy No one needs to worry about the costs of free time or sustainability versus linear growth Now the point I'm trying to make is not that we will all be able to just spend our days long holiday on Caribbean islands like this It's just that we need to understand that the 21st century Opens up for a new economy for a new paradigm where the winners will be the ones who are really good at Distribution rather than creation What do you think you think Tax is theft or any other thoughts, please share them in the comments and like always if you want more hit subscribe And I'll see you in the future