Ohhhh.
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Ohhhh. It all makes sense now.
Cory Doctorow @pluralistic points out that Trump's trade shenanigans are all part of a long history of US enshittificaton of the international trade system, for all the same reasons as Facebook's and YouTube's decline.
Who would have thought that an international trade system could be vulnerable to enshittificaton? It turns out that it breeds in the shadows of all kinds of monopoly.
https://pluralistic.net/2026/01/26/i-dont-want/#your-greenback-dollar -
Ohhhh. It all makes sense now.
Cory Doctorow @pluralistic points out that Trump's trade shenanigans are all part of a long history of US enshittificaton of the international trade system, for all the same reasons as Facebook's and YouTube's decline.
Who would have thought that an international trade system could be vulnerable to enshittificaton? It turns out that it breeds in the shadows of all kinds of monopoly.
https://pluralistic.net/2026/01/26/i-dont-want/#your-greenback-dollar@qole @pluralistic on the same theme, Ed Zitron has just done a piece on how enshittification has moved up to the next step into the stock markets. He hasn't mastered the art of succinct writing but TL;DR - the US stock bubble is propped up by tech stocks and none of the analysts have any motivation to be honest with their analyses. https://www.wheresyoured.at/the-enshittifinancial-crisis/
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Ohhhh. It all makes sense now.
Cory Doctorow @pluralistic points out that Trump's trade shenanigans are all part of a long history of US enshittificaton of the international trade system, for all the same reasons as Facebook's and YouTube's decline.
Who would have thought that an international trade system could be vulnerable to enshittificaton? It turns out that it breeds in the shadows of all kinds of monopoly.
https://pluralistic.net/2026/01/26/i-dont-want/#your-greenback-dollar@qole @pluralistic The enshittification is baked into the system. With unlimited growth necessary, it's crazy how this wasn't obvious to more people from the beginning. We have to keep getting squeezed for their business to survive.
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@qole @pluralistic on the same theme, Ed Zitron has just done a piece on how enshittification has moved up to the next step into the stock markets. He hasn't mastered the art of succinct writing but TL;DR - the US stock bubble is propped up by tech stocks and none of the analysts have any motivation to be honest with their analyses. https://www.wheresyoured.at/the-enshittifinancial-crisis/
I've been following the market since November for my #bubblewatch thread and I agree: the analysts are often cheerleading where they should be introducing a dose of reality. They have truly abrogated their duty.
The ones to watch here are the big time short players. Not only are they saying what the analysts aren't, they are putting their money where their mouth is.
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I've been following the market since November for my #bubblewatch thread and I agree: the analysts are often cheerleading where they should be introducing a dose of reality. They have truly abrogated their duty.
The ones to watch here are the big time short players. Not only are they saying what the analysts aren't, they are putting their money where their mouth is.
@jackwilliambell @qole @pluralistic I got into watching Tesla for a bit last year when it briefly dived and it was fascinating watching some of the grossest offenders keep pumping and pumping based on absolutely nothing (*cough* Dan Ives at Wedbush *cough*)
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@qole @pluralistic on the same theme, Ed Zitron has just done a piece on how enshittification has moved up to the next step into the stock markets. He hasn't mastered the art of succinct writing but TL;DR - the US stock bubble is propped up by tech stocks and none of the analysts have any motivation to be honest with their analyses. https://www.wheresyoured.at/the-enshittifinancial-crisis/
@Flisty @pluralistic
While I don't think a stock market bubble is enshittificaton, that article made me realize that there's a strong similarity. Investors and analysts get drawn in by a rapidly ascending stock, and then they're "locked in," with very literal switching costs. Everyone is invested in keeping the stock price going up, and so they'll accept flimsier and flimsier reasons to keep pushing the price up. This goes on until the charade cannot continue, when the emperor is standing completely naked in front of the crowd and nobody can pretend anymore....
🫧
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@Flisty @pluralistic
While I don't think a stock market bubble is enshittificaton, that article made me realize that there's a strong similarity. Investors and analysts get drawn in by a rapidly ascending stock, and then they're "locked in," with very literal switching costs. Everyone is invested in keeping the stock price going up, and so they'll accept flimsier and flimsier reasons to keep pushing the price up. This goes on until the charade cannot continue, when the emperor is standing completely naked in front of the crowd and nobody can pretend anymore....
🫧@Flisty @pluralistic
This stock market bubble has another similarity: the tech stocks have become a kind of monopoly, there's nowhere else to put your money, so the lock-in is even worse. -
Ohhhh. It all makes sense now.
Cory Doctorow @pluralistic points out that Trump's trade shenanigans are all part of a long history of US enshittificaton of the international trade system, for all the same reasons as Facebook's and YouTube's decline.
Who would have thought that an international trade system could be vulnerable to enshittificaton? It turns out that it breeds in the shadows of all kinds of monopoly.
https://pluralistic.net/2026/01/26/i-dont-want/#your-greenback-dollar@qole A functioning society (i.e. one that adds real value compared to a "rugged individualism" ) is dependent on *trust*. Trust needs trustworthiness. Enshittification is at its core *abuse of trust*. The platonic ideal of a limited liability company says the shareholders own a stake in a going concern, reaping dividends of the value created. Then people start gambling on *future earnings*. Then insiders start abusing the model. I'd say that’s textbook enshittification. @pluralistic
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