Another good examples of this I feel is how netflix is doing (and disney+ now as well). Year over year profits for shareholders have ruined what used to be good (or at least descent) businesses.
Comment on Google has sent internet into ‘spiral of decline’, claims DeepMind co-founder
RememberTheApollo_@lemmy.world 11 months agoYeah…not so simple.
Our system based on infinite growth for the investors is what fucks everything up. The incessant need for MORE places pressure on companies to fuck someone over for money once the initial innovative growth stage ends and the market gets saturated. They buy or crush what they the can. Usually the employees get it first with hiring cheaper labor, reduction in fringe and real benefits, rising costs for existing benefits, etc. Then the consumer gets hit next with enshittification. Shittier services, harder to access services, unbundling, more fees, shittier products, etc. often compounded with more in-your-face marketing.
Pofski@sopuli.xyz 11 months ago
RememberTheApollo_@lemmy.world 11 months ago
I figure it’s like cable companies. They get you hooked with a low price that puts the squeeze on competitors, then slowly jack up the fees on existing customers. It’s a safe bet when peer companies are also raising prices because where can the customers jump ship to that isn’t the exact same enshittified service? Plus, if there’s a series they’ve got you hooked on, are you going to want to leave or just rationalize that nobody else is better?
IMO we’re going to see more “subscribe for [extended time period]” and save $2/mo or maybe even timed contracts with abusive cancellation fees.
grayman@lemmy.world 11 months ago
The modern stock market sucks ass. I’m convinced that most of the problems with companies is tied to focusing on stock price.
Not_Alec_Baldwin@lemmy.world 11 months ago
Hmmm, someone could write a book about this!
echolomaniac@lemmy.world 11 months ago
And call it “The Money” or something.
avidamoeba@lemmy.ca 11 months ago
Someone wrote a book about this.
Maven@lemmy.sdf.org 11 months ago
You could make a religion out of this!