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neuropotpie t1_j5u15qr wrote

Reply to comment by unresolved_m in Major railroad posts record earnings, spends more on share repurchases than on its employees by esporx

I've taken to calling it corporate colonialism. Extract as much as possible for as little as possible with little to no regard for the people doing the work while funding deregulation in order to do even less.

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unresolved_m t1_j5u2of0 wrote

Cory Doctorow calls it "enshittification" and I think its fitting as well

https://www.reddit.com/r/medicine/comments/10hyf7m/cory_doctorow_explains_the_enshitification_of/

He mostly talks about tech, but it could be applied to any business

> Enshittification is "...a seemingly inevitable consequence arising from the combination of the ease of changing how a platform allocates value, combined with the nature of a "two sided market," where a platform sits between buyers and sellers, hold each hostage to the other, raking off an ever-larger share of the value that passes between them."

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