• PeepinGoodArgs@reddthat.com
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    11 months ago

    The concept of enshittification.

    Granted, the concept applies specifically to platforms, but the idea is basically what capitalism is:

    • Be good to everyone
    • Be good to suppliers (supply-side economics)
    • Be good to shareholders and, subsequently, alienate both users and suppliers of content. The platform collapses.

    Late-stage capitalism is when shareholder wealth is maximized at the expense everyone else. So you have 3 billionaires with 50% of the wealth of all humanity or something, the middle class squeezed into oblivion, and a roiling undercurrent of pure fucking rage ready to sever heads like watermelons from a vine.

    • Lvxferre@lemmy.ml
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      11 months ago

      Applying the concept from the micro (enshittification of the platforms) to the macro (enshittification of the economic system) is brilliant.

        • Lvxferre@lemmy.ml
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          11 months ago

          So why isn’t my glass of Campari drifting randomly across the table, under Brownian movement??? [/shitty drunkard joke]

          Serious now. On economic matters I think that you’re right.

    • PlzGivHugs
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      11 months ago

      Is there actually any record of this destroying the capitalist system though? To my knowledge, every time this happens, its just replaced with more extreme and violent capitalism.

        • nintendiator@feddit.cl
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          11 months ago

          That’s not how it works. Nor it is useful, since a more extreme and more violent capitalism causes more, worse victims until it, in your terms, “collapses” - that is, is replaced by an even worse capitalism.