Technology
This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
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4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.
5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)
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Well said. The Internet was certainly a lot more fun before anyone figured out how to make money on it. But it's insane that these companies make more money now than even the largest giants did when I was a kid, and it's still not enough for them. I'm just flabbergasted by their insatiable desire. They could keep a good product and still pull insane profits, but they're willing to burn it all down for another percentage point on their quarterly return. I guess that's a change to the world in general now too. There used to be a common wisdom that if you built a great product, and made your customers happy, you'd be successful. The prevailing attitude now is that the success that comes from that isn't enough anymore. You need to make the worst product that you're still able to sell, and then make sure you sell it to the same people multiple times. It's gross.
It’s the cancer that capitalism truly is. If you’re not growing, you’re failing and enshittification is an inevitable late stage consequence of capitalism.
It’s just pump and dump.
Maybe, but I don't think it is. Enshittification is a direct result of our tax policy that encourages cashing out, only looks at the short term, and requires constant growth.
There was a time when companies built a reputation and held onto it for a hundred years. We could go back to that.
Tax the rich.
Agreed. We need to revert to meaningful tax brackets and apply some new ones to prevent billionaires.