Comment on Capitalism isn't the problem, THIS is the problem, and I've watched it roll over us for 40 years. [3 min. video]

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MystikIncarnate@lemmy.ca ⁨4⁩ ⁨days⁩ ago

I would argue that capitalist monopolies are the problem.

There are examples where a “monopoly” has 100% of the market and they do a good job, usually in non-profit driven contexts. To provide an example: there’s only one organization in pretty much any given area, that handles extinguishing fires. Usually called the fire department, and it’s run by the local body of government in a monopoly context.

They still do a great job, but there’s no competition in fire fighting.

They’re not inherently profit driven.

Also, hats off to the firefighters out there, you guys are awesome. Anyways, back to my point.

There are good organizations that operate a monopoly in their service segment. They’re just typically owned and operated by a democratically elected government. Of the people, for the people, by the people.

Any monopoly that is profit driven, especially any that are capitalistic, will succumb to enshittification, 100% of the time, it’s just a matter of when it happens. The only time that it is possible to not have that happen, is in privately owned corporations, which are rare… But the leadership believes in improving the product more than profiteering. But on a long enough time line, that will also fail because inevitably someone will buy the company or inherit it, and they will want to maximize their profits over everything.

It will always happen when things are privately held, and especially if they’re publicly traded.

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