Following on @pluralistic's brilliant article about the "enshittification" process of companies, I added in something that I thought was missing from Cory's analysis: the role of "The Friedman Doctrine" that the only thing companies should work for are maximizing profits for shareholders... and highlighting how that leaves out not just other stakeholders, but the important variable of "over what time frame."

https://www.techdirt.com/2023/01/24/how-the-friedman-doctrine-leads-to-the-enshittification-of-all-things/

How The Friedman Doctrine Leads To The Enshittification Of All Things

We recently wrote about Cory Doctorow’s great article on how the “enshittification” of social media (mainly Facebook and Twitter) was helping to lower the “switching costs&#…

Techdirt
@mmasnick @pluralistic This encapsulates a lot of things I've been thinking about. If Wikipedia were a public company it would be trying to get us to shop and bank through their site by now. Instead it just remains awesome.
@kingdomkrumb @mmasnick @pluralistic
agree.. Wiki++
So what happens when ChatAIBOT get's it's claws on it and it starts writing false or misleading artickes in an authoritive way.?.

@ipd @kingdomkrumb @mmasnick @pluralistic

In a contest of AI vs Wikipedia editors I’ll take the editors any day.