That’s kind of the enshittification of every sector as private industries have stopped caring about long term business models and only see as far as the next earnings report because private shareholders demand it under threat of legal action. A race to the bottom with no concern for any future, a fire sale.
Look at the airline industry at large. Flying, even for regular people, used to be seen as an event to look forward to. Now you get hit up for fees for literally everything that used to be part of the ticket as you’re crumpled on top of one another.
Boeing is a bad actor, because our modern “free market” rigged economy now incentivizes being a bad actor. Private shareholders don’t contribute to these companies, care about the quality of their products, or the satisfaction of customers, they just want moooaaaar right now. Always moaaaaar.
This is why the customers first, employees second, investors third model business tossed aside in the 70/80s was so vital. Nothing happens without customers employees, no profit, no product. Shareholders are just needy baby leeches that contribute no labor and demand moar profit every feeding, and they have ALL the power.
Enshittification is the pattern of decreasing quality observed in online services and products such as Amazon, Facebook, Google Search, Twitter, Bandcamp, Reddit, Uber, and Unity. The term was used by writer Cory Doctorow in November 2022
That’s kind of the enshittification of every sector as private industries have stopped caring about long term business models and only see as far as the next earnings report because private shareholders demand it under threat of legal action. A race to the bottom with no concern for any future, a fire sale.
Look at the airline industry at large. Flying, even for regular people, used to be seen as an event to look forward to. Now you get hit up for fees for literally everything that used to be part of the ticket as you’re crumpled on top of one another.
Boeing is a bad actor, because our modern “free market” rigged economy now incentivizes being a bad actor. Private shareholders don’t contribute to these companies, care about the quality of their products, or the satisfaction of customers, they just want moooaaaar right now. Always moaaaaar.
This is why the customers first, employees second, investors third model business tossed aside in the 70/80s was so vital. Nothing happens without customers employees, no profit, no product. Shareholders are just needy baby leeches that contribute no labor and demand moar profit every feeding, and they have ALL the power.
Enshittification is for Electronic things. Shittification of general things can be shittification all on its own.
It’s en-shititfication because the en- prefix means (among other things) to “cause to be”
So as long as they are making it worse, they are enshitifying it.
https://www.merriam-webster.com/dictionary/en
https://en.m.wikipedia.org/wiki/Enshittification