this post was submitted on 30 Jun 2023
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Capitalism. The incentive for any large, profit-motivated firm will always be to get the most people to pay as much as possible for as little as possible.
A tale as old as time
In the tech world I've heard it called enshitification. Basically what you layed out but with a little nuanced difference.
https://www.disruptiveconversations.com/2023/01/cory-doctorow-on-the-enshittification-of-social-platforms.html