Enshittification
Window search for 10 and 11 is terrible. That a well known. Search function is worthless. Better off using file search to find stuff. Microsoft focus has been pushing users towards internet search. Why, well, to boost it adverting numbers. Deeply frustrating user experience. Google has made it own search function worse.
Is a term for all of this enshittification. Made in a blog post, can read it here. Also known as platform decay. What we have seen is focus on profits, over user experience. I can think of another example, Amazon. Have you tried buying something recently. Borderline impossible to find anything you want.
The question is does that concept exist in economics. I don’t know. What should happen is users leaving platforms. Thing is these platforms so massive they don’t have competitive that can exist. What should happen is regulation, rethinking how data is handled. Laws take time and economy is moving much faster. Of course going to be pushback against any changes.
I don’t think this concept is new, but push for endless growth, profit above all else is having a serious impact. Shareholders should not only consideration. Until that changes, things won’t get any better. At the moment, what we have right now is not a free and fair market. How do you create one without putting too much burden on new competition? Also, another problem we may be solving yesterday problem.