Fearing enshittification is one reason I want to keep my company private. If I have to answer to stockholders, then I’m not answering to customers, and that’s shitty.
Fearing enshittification is one reason I want to keep my company private. If I have to answer to stockholders, then I’m not answering to customers, and that’s shitty.
I get it. His most recent post talks about how enshittification isn’t just limited to digital platforms, it’s inevitable whenever monopolies are allowed to form.
Well good news… you don’t have to fucking answer to stockholders. That’s a fucking lie perpetrated by Harvard Business sociopaths and their bootlicking bitchboys.
All you have to do is what’s in the best interest of the business. If someone doesn’t like it they can sell the fucking stock.
“The best interest of the business” is far too lenient in its wording. Some of the shareholder derivative lawsuits out there are fucking wild.
Simple things such as “paying your workers too much”, “acting with too much emphasis on morality over capital gains”, it all does have to come back to shareholder profits, ever since Dodge Vs. Ford.
That’s not what was decided in Dodge v. Ford. That case decided that corporations are allowed to act in the interest of majority shareholders even if it hurts the interests of minority shareholders. The Dodge brothers owned Ford shares and were trying to use their position to force Ford to stop competing with Dodge.
Further:
“In fact, courts have consistently refused to hold directors liable for failing to maximise shareholder value.”
"In 2014, the United States Supreme Court voiced its position in no uncertain terms. In Burwell v Hobby Lobby Stores Inc., the Supreme Court stated that “Modern corporate law does not require for profit corporations to pursue profit at the expense of everything else”.
https://legislate.ai/blog/does-the-law-require-public-companies-to-maximise-shareholder-value
The idea that corporations are hamstrung and simply must do evil things to maximize profit is actually just corporate propaganda.
100%. I never wanna work for public company again. I left a huge one after constant thrashing of canceling projects and trips so the accountants could move money around for the quarterly earnings reports only to revive after. Went to a couple small private ones then yr ago employer went public. Been so downhill so fast. Company isn’t recognizable to the one I accepted offer from. I’m leaving when I find a private fit.
I would consult a lawyer, basically iirc you can add to the bylaws that you are not just about making money and then you are only obligated to share dividends if you keep the majority of the voting rights.
The real cost of enshittification is that they make it impossible for others to run honest business.
Who will pay a subscription for privacy respecting services when there are a dozen free alternatives. True cost of running online business has been completely hidden from users and for so long that they will never accept those that want to cover the costs upfront.
e.g. how many of you remain on Lemmy if instance owners asked for a monthly fee to cover their server costs?
That’s the neoliberal secret – you have to play the game, no matter how immoral the rules.
Well, not entirely. We can move out to the wilderness and live off the land with very minimal interaction with civilization. We don’t because iPhones and medicine are too good to give up.
No, we can’t.
There’s eight billion of us which is way higher then the earth’s natural carrying capacity.
At least in feddit (main German instance) there were a lot of posts offering up financial support, but it was declined because it was not needed.
I think especially the smaller communities wouldn’t have a problem coming with funds for hosting. Donations for lemmy developers have also increased significantly since the main exodus.
I get your scepticism, but I think the lemmy community for the most part wants this thing to “succeed” and is willing to chip in a reasonable amount.
If they are 100% transparent in regard to where the money goes, I’m in. The problem with something like youtube premium is not that it’s unaffordable to the majority of users. It’s that at this point you have to assume that they don’t need the subscription fee to cover their costs, but to shove that money up some CEOs or shareholders asses. Yeah that’s not gonna happen unless they force me to and even then I’d think twice about if I really need that service.
Yeah, and it also happens to get me access to the tool that was able to summarize this video without watching it. But most people would probably choose the $5 tier, I think.
Who will pay a subscription
Dunno if for other people, but that’s the main issue for me. When you pay a subscription, at least in my mind trained in the 90s and early 00s, plus now with Enshittification, you are not only basically paying rent to a landlord, but you are basically paying a “ransom” – a bet that the service won’t be rug-pulled from under your feet at any moment’s notice.
Instead I’d prefer something like a one-time lifetime payment, like what SDF does, or a long-period subscription eg.: 5-yearly or 10-yearly instead of monthly / yearly. That way, even if it’s going to eventually be Enshittified, you have better reason to trust that you’re going to get some useful lifespan out of it.
tl;dw
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Cory Doctorow coins the term “enshittification” to describe how platforms start out benefiting users but eventually abuse users and business customers to extract all value.
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Facebook started by prioritizing user privacy over ads but now prioritizes profits over all else.
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Network effects are a double-edged sword - they lock users in but also make platforms vulnerable if users leave en masse.
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Low switching costs due to universality and interoperability allow competitors to reverse engineer platforms and plug in competing services.
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Mandatory interoperability and limiting data control can curb platform power by distributing control to users and smaller companies.
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Recent antitrust actions aim to roll back decades of lax merger policy that let platforms consolidate power.
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Breakups will take a long time so interoperability is a faster way to restore competition.
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Laws should limit abusive behavior rather than rely on platforms to self-regulate.
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Federated open services fail gracefully and encourage migration to better platforms.
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Political will is growing but change will be gradual - focus should be on harm reduction in the near term.
I love that this is on YouTube, which us going full force in enshittifying itself right now.
Thank God you censored the word SHIT so we didn’t all need a group hug meeting .
