Enshittification is more a symptom of “corporate raider” culture that started in the 80’s reaching its peak. The already rich pool their money to take over a company that’s doing well (bonus points if it’s a leveraged buyout), replace the leadership with loyalists, cut staffing to bare bones, and then bring the price of service as high as they can get away with while gutting any portions of the service that have a cost. Once they have juiced the company dry, they declare bankruptcy, liquidate all remaining assets, give themselves golden parachutes, and move on to the next company. AI is just the newest thing for them to apply the tried and true process to.
Enshittification is more a symptom of “corporate raider” culture that started in the 80’s reaching its peak. The already rich pool their money to take over a company that’s doing well (bonus points if it’s a leveraged buyout), replace the leadership with loyalists, cut staffing to bare bones, and then bring the price of service as high as they can get away with while gutting any portions of the service that have a cost. Once they have juiced the company dry, they declare bankruptcy, liquidate all remaining assets, give themselves golden parachutes, and move on to the next company. AI is just the newest thing for them to apply the tried and true process to.