this post was submitted on 02 Jul 2023
247 points (100.0% liked)
Technology
37879 readers
27 users here now
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The Summer of enshittification continues apace.
No need to coin cute new terms like, "enshittification." It is just good old rent seeking. Nothing new. Just capitalism working as intended.
I think there is value in coining a term for a specific process like "enshittification" as rent seeking doesn't describe the entire process. From how they get users, to how they get vendors/advertisers their forsaking the users and finally the vendors then all that's left is a husk that survives because it's a monopoly. While I understand the term is used to describe the second half imo the first half is integral because those are the steps that set up the monopoly, starving the market of competition.
Oh wait, hmm, no rent seeking adds nothing of value to the market where someone like amazon added value at one point but that took resources from aws to make it not operate at a loss, unless you see that as rent seeking
I agree, rent seeking doesn't always cause enshittification, it can just be inflated prices. Rent seeking is also a process to try to create a "home" for your financial leeching, while Enshittification is more like bait users in with a product, entice businesses, screw over everyone and cash out.