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I don’t think this is capitalism per se, unless you think that being greedy and short sighted is a key capitalist concept. I know it’s hard to boil down what c
by prepend 3y ago
I don’t think this is capitalism per se, unless you think that being greedy and short sighted is a key capitalist concept.
I know it’s hard to boil down what capitalism is, but to me it seems be markets, competition, incentive-based invisible hands type controls, and flow of capital.
This behavior is really the opposite as it’s really just rent seeking of locking people into your thing and then turning the screws.
I don’t think enshittification is unique or even more likely in capitalism and seems more likely to exist with heavy, conscious regulation as companies will minmax to stay in the rules and make the most money.
So just say “capitalism, sucks eh?” seems to make it harder to correct this behavior. It seems like the current rules we have need fixing to correct against companies limiting their market and locking people in. US airlines aren’t really a good example of “capitalism” since it’s just a few companies with little competition (eg, check out how many airlines really compete over routes and just settle for “united cities” and “delta cities”).