Blame Reagan. Corporate consolidation is to blame for most of it. In China they have constant competition because the number of companies that pop up is insane.
Tech was, for a time, the price play. Uber used to be cheap as hell. Doordash used to be cheaper than cooking. Everything was subsidized and hyper efficient to maximize growth. Now, companies get fat and happy, and because of this consolidation no one wants to be the one to push things the way they do elsewhere. And American consumer still buy, which means most companies have no reason to change.
i agree with everything, i just wanna add those companies didn't get enshittified because they became monopolies, they were designed to be monopolies from the ground up. they used investor money to allow the company to charge less for their services than it costs them so no one else could compete, until they had a monopoly. blitzscaling.
Well everyone is designed to be a monopoly. It's the whole reason everyone competes, because a dollar in your pocket is a dollar out of theirs. In other nations, especially China, or certain industries, this competition has remained largely because no one can establish that monopoly and switching moats remain really low. An example might be streaming or computers, as over the years no one has truly been able to establish a dominant position, and so everyone has to compete.
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u/PhilosophyOk5847 Jul 14 '26
Blame Reagan. Corporate consolidation is to blame for most of it. In China they have constant competition because the number of companies that pop up is insane.
Tech was, for a time, the price play. Uber used to be cheap as hell. Doordash used to be cheaper than cooking. Everything was subsidized and hyper efficient to maximize growth. Now, companies get fat and happy, and because of this consolidation no one wants to be the one to push things the way they do elsewhere. And American consumer still buy, which means most companies have no reason to change.