this post was submitted on 30 Jun 2023
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While corporate greed has been a problem since the Reagan administration, we're seeing an unprecedented jump in greed these past couple of years by companies all suddenly trying to squeeze out every last drop from people. Netflix with it's disabling of user password sharing, Twitter and all it's checkmark BS (with this login wall being the latest example), Reddit and it's API changes, and YouTube experimenting with blocking people who use adblockers. All to name a few. It really is spiraling out of control and unchecked, but sadly we lack a proper government (at least in the US, though there may still be some hope in the EU) to stand up to them.
This is sort of the final stage of endless growth capitalism. Once you have reached the max saturation of your potential user base with an attractive product, you sell that product for a huge payout and the next CEO comes in with a mandate to squeeze the orange for all its juice.
Inevitably this leaves the market ripe for the next disruptor to come in with a more enticing offer and the cycle repeats. With market consolidation however this is becoming harder and harder to do with every second comapny owned by Disney or Microsoft or Haliburton etc.
Which begs the questions: What comes next? How does late stage capitalism "end"? Will it collapse in on itself? What will replace it? I don't know the answers to these, but it certainly feels like we're entering (or about to enter) the "find out" phase.
how does it end
Seeing the environmental disruptions of the last decade, I'd say extinction of human life.