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The PROBLEM with Capitalism - Smarter Every Day 316
(www.youtube.com)
The phenomenon of online platforms gradually degrading the quality of their services, often by promoting advertisements and sponsored content, in order to increase profits. (Cory Doctorow, 2022, extracted from Wikitionary) source
We discuss how predatory big tech platforms live and die by luring people in and then decaying for profit.
We also discuss how naturally open technologies like the Fediverse can be susceptible to corporate takeovers, rugpulls and subsequent enshittification.
Absolutely. The interesting thing to me was the lack of institutional knowledge remaining in the US. For example, finding a machinist based in the US was one of his biggest challenges as most of them have retired. I think he was only able to locate one still in operation that could make the parts he needed.
And that person just retired and he ended up buying all his equipment so he didn't have to look for a new supplier.