this post was submitted on 23 Oct 2024
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[–] Prunebutt@slrpnk.net 62 points 3 days ago (3 children)

The word he's describing is called "enshittification".

[–] Diplomjodler3@lemmy.world 56 points 3 days ago (3 children)

No, it's monopoly capitalism. A certain Mr. Marx from Germany had a few things to say about it.

[–] UnderpantsWeevil@lemmy.world 15 points 3 days ago

One consequence of monopoly capitalism is businesses pursuing growth in revenue more aggressively than growth in user base.

When the market is saturated, all you can do to pursue growth is to increase unit margin. This eventually leads to production of "fictitious capital" as a stand in for real capital (as paper assets cost virtually nothing to produce).

Das Kapital goes into lengthy detail about this process. Specifically, the "how much does it cost to make a coat" chapter gets into it in (exhaustive) detail.

[–] umbrella@lemmy.ml 1 points 2 days ago* (last edited 2 days ago)

id argue enshittification is a consequence of monopoly capitalism, and not a separate thing.

[–] Clent@lemmy.world 32 points 3 days ago (2 children)

Enshittification has nothing to do with pricing.

It's about market capture and the resulting lack of choices allowing market holders to maximize profits by degrading product performance. This can occur even when the product has no price.

[–] Cornelius_Wangenheim@lemmy.world 10 points 3 days ago* (last edited 3 days ago) (1 children)

That's part of enshittification. Step 2 of enshittification is to entice in business buyers with low prices and changes that meet their needs. Step 3 is to cut costs and start price gouging to maximize profits.

[–] Clent@lemmy.world 7 points 3 days ago (3 children)

Google is free to use. It still is. There is no price.

Facrbook, fee to use. Still is.

Both have been enshittified. There is no price being gouged.

The services they do sell are to advertisers, those costs are not being cut, they are focused on improving their targeting to attract more revenue.

Enshittification is a very simply concept; only product quality is measured. There might be price gouging but turn doesn't have to be.

[–] Cornelius_Wangenheim@lemmy.world 4 points 3 days ago* (last edited 3 days ago)

You're missing half the point of enshittification. I'm just going to quote Doctorow directly:

"Here is how platforms die: first, they are good to their users; then they abuse their users to make things better for their business customers; finally, they abuse those business customers to claw back all the value for themselves. Then, they die. I call this enshittification, and it is a seemingly inevitable consequence arising from the combination of the ease of changing how a platform allocates value, combined with the nature of a "two-sided market", where a platform sits between buyers and sellers, hold each hostage to the other, raking off an ever-larger share of the value that passes between them."

[–] Prunebutt@slrpnk.net -1 points 3 days ago

Counterexamples: Netflix without ads, Gamepass, Tinder.

[–] Zink@programming.dev 0 points 3 days ago

I think the price being gouged by Google and Facebook enshittification is your time being wasted for their own benefit. Your time and attention is what they sell after all.

[–] Prunebutt@slrpnk.net -3 points 3 days ago

I'd say that pricing is part of the deal which can get worse. Claiming that it's not enshittification is useless nitpicking, IMHO.

[–] gofsckyourself@lemmy.world 10 points 2 days ago (1 children)
[–] GeneralEmergency@lemmy.world 3 points 2 days ago

Going to stroke this image for the next time I see some dumb cunt using the term enshitification unironically.