175
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 06 Jul 2024
175 points (98.9% liked)
Enshittification
1161 readers
78 users here now
What is enshittification?
The phenomenon of online platforms gradually degrading the quality of their services, often by promoting advertisements and sponsored content, in order to increase profits. (Cory Doctorow, 2022, extracted from Wikitionary) source
The lifecycle of Big Internet
We discuss how predatory big tech platforms live and die by luring people in and then decaying for profit.
Embrace, extend and extinguish
We also discuss how naturally open technologies like the Fediverse can be susceptible to corporate takeovers, rugpulls and subsequent enshittification.
founded 1 year ago
MODERATORS
Do you think that gutting Chevron and the FTC's regulatory authority has anything to do with this?
I mean, it's not like banks aren't already making buckets of money...
Not sure about that case specifically, but in general lack of regulation unleashes enshittificatory impulses. This comment may be aimed more at conservative voters or politicians to convince them (or at least let them claim) that pro-consumer regulation actually harms “consumer welfare.”
I’ve met one of these zero-regulation idiots thinking that somehow the average Joe benefits from giving all power to anyone with lots of money who isn’t them.
Just ask those dickholes how many times they've had the chance to vote for JP Morgan Chase's or Walmart's or ExxonMobil's CEO.
Then ask them how many opportunities they've had to elect Presidents and Congressmembers.