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Yes, it is called "enshitification" - caused by the Financialization of the economy, and rent-seeking rather than innovating technologically. https://en.wikipe
by DrNosferatu 2y ago
Yes, it is called "enshitification" - caused by the Financialization of the economy, and rent-seeking rather than innovating technologically.
https://en.wikipedia.org/wiki/Financialization https://en.wikipedia.org/wiki/Financialization
https://en.wikipedia.org/wiki/Rent-seeking https://en.wikipedia.org/wiki/Rent-seeking
- kragen 2y agothat's part of it; marc andreessen's nimby posture in the atherton zoning discussion, for example, was pure rent-seeking: https://archive.fo/MjHa8 https://archive.fo/MjHa8 (i know that's from the 'david miscavige leads scientology to milestone year' atlantic, but i think in this case their reporting is authentic) but i don't think that's all, or even a majority, of it. rent-seeking is at least beneficial to the rent-seeker, if successful. but most of the problem is people fighting with each other in ways that aren't profitable even to themselves. a lot of that takes the form of arguing about how to assign blame for problems instead of solving them ;)