this post was submitted on 22 Sep 2023
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Agreed. And as described here https://en.m.wikipedia.org/wiki/Enshittification
Huh, I didn't know there was a specific term for it. I just know similar things happened with the early rail and oil industries. When there's so much competition in a market the only way you can corner it by offering more than your competitors for less. Once you box out your competition, buy them out, or out last them you, can actually start making returns.