this post was submitted on 20 Jul 2023
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I think capitalism is fine to an extent. It's when companies become too large that their scale and power enshittify things.
The current wave of enshittification is driven also by the fact that much of the current system is ‘built out’. How do you grow profits when you can’t expand your consumers? You enshittify. It helps if you are an effective monopoly, but isn’t required. If the consumers aren’t growing all the competing producers are highly motivated to enshittify together, and they do. Of course it also helps if the same huge investment funds are major stakeholders in the producers.