Enshittification: It's Not Venture Capital's Fault, It's the Lack of Constraints

Cory Doctorow's article delves into the reasons behind the degradation of social media platforms, arguing it's not simply due to venture capitalists' pursuit of profit maximization. The article posits that 'enshittification' stems from user lock-in (high switching costs and collective action problems), and a lack of market competition, government regulation, and labor constraints. The solution, Doctorow suggests, lies in breaking user lock-in, increasing regulation and competition, rather than simply rejecting capitalism. The article also analyzes the strengths and weaknesses of emerging platforms Mastodon and Bluesky, advocating for technical solutions (like the Free Our Feeds project) to enhance Bluesky's resilience and lower switching costs for users.