Private equity: After paying millons for a company, got to find shortcuts to proffit… And make stakeholders happier.
I guess from now on, American company is not a sign of quality.
Private equity employs practices that should be illegal
If PE buy a company and ruin the reputation, private equity will learn the free market way.
May be it’s good so there is space for new companies.
We didn’t think it was our imagination.
Remember when it was called planned obsolescence? Pepperidge farm does.
But it’s more than that. Planned obsolescence is only a part of the problem.
Enshittification refers to internet sites, services
Why can’t it also refer to physical goods and services that deteriorate due to profit-seeking?
Because there are more accurate names like:
Planned obsolescence
Shrinkflation
And probably more
What term applies to lower initial quality, smaller sizes for more money and a design that fails early all the the same time.
It’s been made shitty, therefore it has been enshitified.
It can and it does.
Natural consequence of capitalism.
We need a long campaign of trust-busting to fix all this shit.
I can’t help but think that shitting all over your trading partners is a good way to get spit on your burger.
Companies being too big is not a problem that is confined by political borders.
The telos of Capitalism is to produce goods for cheaper and cheaper prices, which eventually leads to poor quality and disposable “goods”.
…or at that point, “bads”.
Bads and disservices.
Resources and energy to produce things got more expensive. Income of the consumers didn’t go up. So how do you keep earnings high? Lower the quality.
Don’t forget that they ALSO raised prices. By much more than their costs temporarily rose to. And then never lowered them again.
I dont think it got more expensive to make. They just want to squeeze every penny. Because shareholders.
CEOs get a lot of hate for this kind of thing, but the shareholders get away with it. When are people gonna blame them?
Yeah like nobody names the shareholders who sued UnitedHealthCare for temporarily approving more insurance demands after the CEO’s death. They were not happy to lose money and sued after ! WTF ! But someone made the decision to sue and others approved it who is THAT inhumane?
some of us already do blame them. some of us want law breaking corporations to fine (on a small share level) and arrest (on larger levels) shareholders. do it once and this shit would stop. didnt china execute a capitalist who did some shit recently?
That isn’t the driver, it’s their cover story. The second there was a hint of any societal/logistics issue, corps slammed that price gouging gas pedal down to 1000mph and kept ot there. Now, every once and a while, when they “learned a lesson” speed goes down to 800 or so for a come weeks and then resumes at 1200 mph. They won’t stop until they are regulated by governments
Eating is a chore for me and I thought it was because of depression. Turns out the food just tastes like crap because it is crap. Score!
I’ve recently started having fast food occasionally after not touching it since before COVID. It really is fucking terrible and absurdly expensive. Except Taco Bell, which is also fucking terrible but at least it’s relatively cheap still.
Fucking Uniqlo, they used to have the best basics. All my underwear came from them. Of the pack I bought 8 years ago I still have undies, the more recently bought ones all started getting holes within a year.
They also refused to back out of Russia when they invaded Ukraine and everyone else was closing up business there. They went on my shit list way back then.
I’m sure lots of those businesses probably just did it temporarily and went back for that sweet imperial cash, but the brazenness of Uniqlo giving zero fucks seemed like a bad sign.
Apparently they’ve been accused of some pretty heinous unethical work practices at their factories, too. Sucks because I liked lots of their clothes, but what are you gonna do?
surprised _pikachu.jpg
Oh shit, I had no idea.
I just found honest basics, they’re based in Berlin and have nice things. I don’t love their undies, they ride a bit low for my taste, but shirts and jumpers are amazing. Also got a pair of rescued sweats for 19€ that I love, they ship all over Europe.
Join a socialist organization and strive for revolution is almost always the answer to the seemingly insurmountable problems associated with capitalism.
Man if even mainstream news like the guardian are talking about it you know it’s gotten awful.
I’ve actually noticed quality of textiles on IRL shelves going back up since COVID. If you’re buying from Temu or something, then yes, it will be cheap. In a direct counterexample, cars get more and more luxury and huge all the time.
Food is a thing, and it’s basically because you can’t taste it in the store, so it’s bred more for looks.
Cars get more expensive and techy, but from what I’ve seen the plastic-y interiors are nowhere near as sturdy as they once were.
As a modern car hater, interiors are the one thing that have gotten significantly better as long as you exclude replacing physical buttons with touch screens. All the touch points in modern cars feel so much nicer and more premium than a car 20 years ago. Take a look through Google images of economy car interiors from the 2000s and the amount of gray plastic is shocking. My 1992 Jaguar has a debatebly worse interior than a modern Kia.
I’m sure some still do, but didn’t some plastic in older cars just melt in the sun? lol
That wasn’t common but it definitely has happened in the past
Food is, indeed, a thing.
Forget that part, homie is over here breeding food….
Do not the food
Big if true
And yet The Thing is not food
It could be if you are brave enough
quality of textiles on IRL shelves going back up
Because the people buying in a physical store, care more about quality than the regular online shopper does.
Sure there’s also good brands online, but most big ones are also seeing tremendous declines in recent years
Which gets to the real meat of the issue: In some categories, people don’t want good stuff, they want cheap crap they can throw away, and then buy again for another dopamine hit. Similarly, new cars are getting more and more expensive, because anyone that’s not loaded buys them used, and it’s a k-shaped economy.
Markets have had all kinds of unfortunate features, which on Lemmy need no introduction, but outside of the most extreme monopolies, they’re pretty flawless at delivering the kinds of products people are shopping for.
wanted crap
i’d say they didn’t want crap but online shoppers would put up with crap moreso than the meatspace shoppers.
Yeah, cheap was an important modifier there. It’s not expensive crap, and great cheap stuff isn’t an option in real life.
For clothes especially, yeah, the ultra-fast fashion is all online. Probably for the same reason online gambling seems to be everywhere now.
“Marjorie, is life even worth living? This food tastes like ash in my mouth.” “Oh Roger, darling. Wait, is that the new McAsh?”
Very annoying they giving Cory Doctorow credit for the term Enshitification for a book he made in 2022 for a term that was around years before he “made” the term.
I’m just amazed people don’t say “crapitalism”.
Ohhh, that’s a good one!
To give Cory credit, he was also one of the first people to use it in online forums, years earlier.
He is quite open about the fact that he didn’t invent the term
Edit: just looked it up in my copy of the book, and there he says he coined it. But I’m pretty sure he posted somwhere that it’s possible that he grabbed it up somewhere. otoh, multiple people coming up with a word happens all the time
They say buy from smaller brands, but the sources of resources and commodities often is the same. So the companies with the most buying power end up effecting the quality of other company products. More ways to get trickled on.
I say it so often, that it has become a mantra: Nothing works any more.
