In the modern economy, the concept of “enshittification” has gained traction as a means to understand the evolving dynamics of the platform economy. Coined by Cory Doctorow, it refers to the process by which platforms, initially innovative and transformative, degrade over time, often due to factors such as increasing commercialization, regulatory pressures, and user dissatisfaction. However, a deeper exploration of this concept reveals both its strengths and limitations in analyzing the complexities of platform economics. Read more on Medium in Enshittification and the Platform Economy: A Critical Analysis.
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