Seriously, enshitification is the only thing US companies do well these days. They just dig deeper moats around their walled gardens because they’re too greedy to make decent products that people actually want.
It’s also a consequence of low taxes on capital gains and corporate profits.
When those taxes were higher it made more sense to reinvest the profits back into your own company. You’d build a reputation and a structure that would pay out you and your family for a hundred years.
Now the dream is to build up a company just enough to sell it to some megacorp and cash out asap, with you and your family living off of investment money that only increases over time.
Seriously, enshitification is the only thing US companies do well these days. They just dig deeper moats around their walled gardens because they’re too greedy to make decent products that people actually want.
Enshittification, AI slop and fascism are America’s greatest exports. And that’s not even a joke.
We grow pretty good weed too, that isn’t nothing.
Not exported overseas though.
I think enshitification is a product of public traded companies promising infinite growth, not necessarily a problem of US only companies.
It’s also a consequence of low taxes on capital gains and corporate profits.
When those taxes were higher it made more sense to reinvest the profits back into your own company. You’d build a reputation and a structure that would pay out you and your family for a hundred years.
Now the dream is to build up a company just enough to sell it to some megacorp and cash out asap, with you and your family living off of investment money that only increases over time.