Monday, June 06, 2016

Uber Announce $3.5 Billion Investment From Saudi Public Investment Fund...by Sean Paul Day.


The Secretary of State and the Department of Transport ignore human rights violations in favour the market.

Whilst the political drive in the USA is forcing Uber to recognise labour rights, and resistance in Europe shows no sign of abating, Transport for London, at the behest of the U.K. Government are ploughing ahead to amend regulations to accommodate Uber in its entirety. 

Uber's history of violations and the protests knows no boundaries. For Uber, no money is bad money! 

Uber recently announced that it nabbed a $3.5 billion investment from the Saudi Public Investment Fund, the investing arm of the Saudi Arabian government. The Saudi fund will have a share of Uber's ownership — cashing out on Uber if it gets bought or goes public — and crucially,  the fund's manager will join Uber's board

Global domination: This is the most recent development in a long, soiled history of human rights issues Uber has faced, especially regarding women. 

Women have been regularly sexually assaulted by drivers who critics claim haven't been sufficiently background-checked. Uber's lost-and-found feature has been used to harass female drivers and Uber executives have threatened to stalk an expose female journalists' private information. 

UN Women cancelled a partnership with Uber that aimed to create jobs for women at the company after objections were raised about Uber’s safety record with women and treatment of its drivers. The UN claimed that Uber represented  “exactly the type of structural inequality within the labour market  that the women’s movement has been fighting for decades.”

This is to say nothing of the worldwide protests against Uber's exploitation of drivers and disregard for national democracies. 

It seems, everyone has their price, the U.K's being an immorally low one!

Sean Paul Day.