Endless growth is untenable, but it is the law of all investing and shareholders will always demand it. That’s why any for-profit corporation will necessarily enshittify sooner or later.
And yet it’s only been in the last 10-15 years that corporations have gone completely apeshit like this: objectively bad decisions that specifically injure their customer base.
One major difference is the relative lack of regulation on many industries now. It’s far easier to screw over the consumer than it used to be. It’s also far easier to buy out any potential competition.
Endless growth is untenable, but it is the law of all investing and shareholders will always demand it. That’s why any for-profit corporation will necessarily enshittify sooner or later.
And yet it’s only been in the last 10-15 years that corporations have gone completely apeshit like this: objectively bad decisions that specifically injure their customer base.
One major difference is the relative lack of regulation on many industries now. It’s far easier to screw over the consumer than it used to be. It’s also far easier to buy out any potential competition.