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‘Enshittification’ is coming for absolutely everything (www.ft.com)

submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

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‘Enshittification’ is coming for absolutely everything::The term describes the slow decay of online platforms such as Facebook. But what if we’ve entered the ‘enshittocene’?

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[–] BombOmOm@lemmy.world 6 points 9 months ago* (last edited 9 months ago) (1 children)

often expensive, taxi licenses

Over-regulation led to taxi medallions in places like NYC costing upwards of $1.3 million dollars. It isn't surprising someone else was able to blow that system away by simply....not having to pay such exorbitant costs.

[–] ripcord@lemmy.world 2 points 9 months ago

Over-regulation and corruption. The corruption was a solid chunk of it too.