BROWN-STAGE CAPITALISM: Not quite dead but long past deodorant. It's the rot economy with a venture capital pitch deck; enshittification scaled to empire. A stage where platforms, once gleaming temples of disruption now resemble medieval latrines: taxing, toxic & teeming with digital parasites.

Doctorow dissects how tech giants, having reached End-Stage capitalism, no longer innovate but ingest their own users like ouroboros in heat.
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