Capitalism didn’t used to be like this because it was still developing, but it was always going to become this. Enshitification is not a bug, it’s a feature. Capitalism is supposed to work like this. And when it wasn’t, it was just because it wasn’t there yet, mainly due to technical limitations.
Enshitification is a consequence of legalized dumping. Companies are allowed to dump loss-making profucts and services on the market until they achieve dominance, then they squeeze the users that now have nowhere else to go. In startup-lingo this is blitzscaling followed by monetization. Our competition laws are 30 years behind the curve on this stuff.
Capitalism didn’t used to be like this because it was still developing, but it was always going to become this. Enshitification is not a bug, it’s a feature. Capitalism is supposed to work like this. And when it wasn’t, it was just because it wasn’t there yet, mainly due to technical limitations.
Enshitification is a consequence of legalized dumping. Companies are allowed to dump loss-making profucts and services on the market until they achieve dominance, then they squeeze the users that now have nowhere else to go. In startup-lingo this is blitzscaling followed by monetization. Our competition laws are 30 years behind the curve on this stuff.