The enshittification of closed platforms

This is a great overview of how for-profit, closed networks start extracting rents for their shareholders from all sides of the marketplace, pit their customers against each other in zero-sum games and even turn to surveillance capitalism — all to turn a profit for their shareholders. And why open source gift economies and Utility Tokens like QBUX can be a great alternative to shares, with an incentive structure that is better aligned with the public good.