Also, good riddance, MatPat?

No, but seriously, it’s getting annoying.

This is like the 2000s all over again!

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

  • @doleoEnglish
    14•10 months ago

    Is there a name for this concept? I feel like there is, or should be.

      • JoeByeThen [he/him, they/them]English
        44•10 months ago

        That’s what everyone is calling it but it’s basically a byproduct of the tendency of the rate of profit to fall while also being an analog for it.

      • @doleoEnglish
        12•10 months ago

        You’re probably right, I just thought that was a catch all term being used for basically everything, lately.

        • nohaybanda [he/him]English
          8•10 months ago

          It’s basically the same economic mechanisms producing similar results across many industries. Makes sense to use the same term

          shrug-outta-hecks

        • @Raebxeh@hexbear.netEnglish
          8•10 months ago

          It actually has a specific meaning and is used in academic literature now. Here’s a quote from Cory Doctorow’s Wired article on the subject:

          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.