enshittification is the cute fun name for the concept of becoming a nigh-monopoly by buying out your competition with private equity and destroying it, and then- because the free market has effectively been destroyed- resting on your laurels for the forseeable future because there's no longer any pressure to improve or fix your product.
you can basically let your product become garbage because any free market pressure, you know, the kind that capitalism purports to thrive on but actually seeks out to destroy, is gone. Why bother improving if there's nowhere else for your consumers to go?
We're so used to using substandard products, getting substandard service, using things that are old, busted, falling apart, inappropriate for the job we're using them for, and so on... I love seeing westerners go to other countries and go "whoa! they're living in the year 3000!"
you can basically let your product become garbage because any free market pressure, you know, the kind that capitalism purports to thrive on but actually seeks out to destroy, is gone. Why bother improving if there's nowhere else for your consumers to go?
We're so used to using substandard products, getting substandard service, using things that are old, busted, falling apart, inappropriate for the job we're using them for, and so on... I love seeing westerners go to other countries and go "whoa! they're living in the year 3000!"