Granted, the concept applies specifically to platforms, but the idea is basically what capitalism is:
Be good to everyone
Be good to suppliers (supply-side economics)
Be good to shareholders and, subsequently, alienate both users and suppliers of content. The platform collapses.
Late-stage capitalism is when shareholder wealth is maximized at the expense everyone else. So you have 3 billionaires with 50% of the wealth of all humanity or something, the middle class squeezed into oblivion, and a roiling undercurrent of pure fucking rage ready to sever heads like watermelons from a vine.
I think you can say that’s immoral. I’m not sure you can say it will destroy the whole system or that this is an inevitability of any capitalist system.
Is there actually any record of this destroying the capitalist system though? To my knowledge, every time this happens, its just replaced with more extreme and violent capitalism.
That’s not how it works. Nor it is useful, since a more extreme and more violent capitalism causes more, worse victims until it, in your terms, “collapses” - that is, is replaced by an even worse capitalism.
The concept of enshittification.
Granted, the concept applies specifically to platforms, but the idea is basically what capitalism is:
Late-stage capitalism is when shareholder wealth is maximized at the expense everyone else. So you have 3 billionaires with 50% of the wealth of all humanity or something, the middle class squeezed into oblivion, and a roiling undercurrent of pure fucking rage ready to sever heads like watermelons from a vine.
Applying the concept from the micro (enshittification of the platforms) to the macro (enshittification of the economic system) is brilliant.
What’s true of the lesser must be true of the greater
So why isn’t my glass of Campari drifting randomly across the table, under Brownian movement??? [/shitty drunkard joke]
Serious now. On economic matters I think that you’re right.
I think you can say that’s immoral. I’m not sure you can say it will destroy the whole system or that this is an inevitability of any capitalist system.
Is there actually any record of this destroying the capitalist system though? To my knowledge, every time this happens, its just replaced with more extreme and violent capitalism.
…the more extreme and violent capitalism is the evidence. It can only do this so many times…
That’s not how it works. Nor it is useful, since a more extreme and more violent capitalism causes more, worse victims until it, in your terms, “collapses” - that is, is replaced by an even worse capitalism.