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Seven years on, in Enshittification isn't caused by venture capital, Cory Doctorow returns to the idea that the one essential thing needed to rescue the Internet from the pit of hell into which it has fallen is anti-trust regulation:
"In other words, the profit motive itself is not sufficient to cause enshittification – not even when a for-profit firm has to answer to VCs who would shut down the company or fire its leadership in the face of unsatisfactory returns. For-profit companies chase profit. The enshittifying changes to Facebook and Twitter are cruel, but the cruelty isn't the point: the point is profits. If the fines – or criminal charges – Facebook faced for invading our privacy exceeded the ad-targeting revenue it makes by doing so, it would stop spying on us. Facebook wouldn't like it. Zuck would hate it. But he'd do it, because he spies on us to make money, not because he's a voyeur."
Jan 23, 2025, 10:50:10 AM
Posted to It Isn't About The Technology