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Uberization

noun; derivation
The trend of markets shifting from corporations offering services, to corporations acting as intermediates between the individuals who buy and consume services.
 
Uberization is similar to socially related words such as “colonization” and “neoliberalization” in that it implies both economic and social change, and is used in an academic sense unlike many neologisms. Uberization carries with it a negative connotation, referring to the often mentioned anti-competitive and anti-consumer practices of Uber. This word may have been coined in response to economic proponents of such a process, which is often described by supporters as the development of a “sharing economy”.
Etymology : Formed by derivation from American company Uber by adding verb suffix –ize and noun suffix -ation.
Source : “While Uber’s burdensome cost-shifting has come to define Uberization, the company merely digitized the taxicab industry’s already exploitative practices.” (Jacobin Magazine, Disrupting Uber, July 31, 2016)
Last modified: 27 November 2017


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