its not necessarily "capitalism". Think about how Myspace was, or early Facebook, that was capitalism but didn't have the same issues.
Its the "lean startup" culture as well as books like "Hooked, how to build habit forming products" - Nir Eyal.
The dark lean startup pattern is where you break down the big picture rationale for the company. You extract metrics that contribute to the company's success (i.e. engagement) and you build a machine that rewards changes to the underlying system that improves those metrics.
If done successfully, you create an unwitting sociopathy, a process that demands the product be as addictive as possible and a culture that is in thrall to the machine that rewards its employees by increasing those metrics. You're no longer thinking about purpose or wondering about what you're doing to your users. You simply realise that if you send this notification at this time, with this colour button, in this place, with this tagline then the machine likes it. Multiple people might contribute a tiny piece of a horrifying and manipulative whole and may never quite realise the true horror of the monster they've helped build, because they're insulated by being behind the A/B test.
> its not necessarily "capitalism". Think about how Myspace was, or early Facebook, that was capitalism but didn't have the same issues.
No thats exactly capitalism, capitalism ensures processes gets more and more efficient over time, as you say previous versions were less efficient at inducing addictive behaviors but capitalism ensured we progressed towards more and more addictive apps and patterns.
Capitalism doesn't mean we start out with the most efficient money extractor, it just moves towards the most efficient money extractor with time unless regulated.
This is well known and a feature, capitalism moves towards efficiency and regulation helps direct that movement so that it helps humanity rather than hurts us. Capitalism would gladly serve you toxic food but regulations ensures they earn more money by giving you nutritious food. Now regulations are lagging a bit there so there is still plenty of toxic food around, but it used to be much worse than now, the main problem with modern food is that people eat too much directly toxic compounds.
That's a type of capitalism. Quakers built plenty of capitalistic entities that were primarily interested in profit but cared more for the long term with more of an eye on social and spiritual purpose. Extractive capitalism doesn't get to pretend its all of capitalism, we just assume that because its been active throughout our entire lifespan.
US hegemony has permitted and encouraged shareholder primacy, hostile takeovers and leveraged buyouts in order to facilitate the growth of its markets. However we'd be blinkered to assume that this is the only way capitalism can be. Its a choice we make and we deserve this outcome where we've enslaved a generation of children to be eye-balls for ad impressions for silicon valley startups.
We could make other choices but then we'd be personally less rich and see less growth. Do we really think those extra zeros in very few people's portfolio's are worth this macabre world we've created?
> Quakers built plenty of capitalistic entities that were primarily interested in profit but cared more for the long term with more of an eye on social and spiritual purpose.
And those were replaced by profit seeking enterprises, that is capitalism. Sure some try to create such benevolent entities, but the profit seeking ones out-competes and replaces them over time, that is how capitalism works.
So you can temporarily have a nice company here and there, but 50 years later likely it got replaced by a profit seeking one. The only way to get pro social behaviors from these is to make pro social acts the most profitable via regulations, but its still a profit seeking enterprise that doesn't try to be benevolent.
yeah that's because we allowed aggressive takeovers, especially leveraged ones. They got replaced by extractive capitalism due to a lack of regulation, not just because "capitalism".
The extractive profit seeking entities don't "out-compete" they just use their capital in unregulated conditions to strip mine economies and poison capitalism to become sociopathy. Letting that happen is a choice, letting it continue is a choice.
Yet if you advocate for regulation you are immediately attacked by billionaires and massive companies and people who think those two groups benefit them more than the regulations protecting them. These groups bring unbelievable sums of money to bear to influence policy and public perception to make sure they are as under-regulated as possible.
“Regulation” is a four letter word in the US. Look at the hostility we see on HN whenever it comes up with AI .
> The extractive profit seeking entities don't "out-compete" they just use their capital in unregulated conditions to strip mine economies and poison capitalism to become sociopathy
So they did out-compete them? You saying they won using unfair ways doesn't change the fact that they out-competed the other companies.
Capitalism will use any means available to out compete others, I don't understand why you try to argue against this. You just say "but if we restrict the means available its fine", that means you agree with me, so I am not sure what you disagree with.
but it does that because of US hegemony empowering its equity to be extractive. We've lost a lot of organisations in the UK due to aggressive and leveraged buyouts. That's not necessarily reflective of capitalism as an abstract but geo-political reluctance in regulating its very worst excesses.
I appreciate your position but I can't help but feel like it's like saying cars are crap because they breakdown too easily, when in practice; you're constantly red lining them.
My point is that it doesn't have to be like this, but its a choice that we as society make, and we could choose to not make it.
> That's not necessarily reflective of capitalism as an abstract but geo-political reluctance in regulating its very worst excesses.
That capitalism needs to be regulated or it results in these toxic outcomes is core to capitalism, yes, that is what we are saying. There is no benevolent capitalism without regulations.
You're not describing capitalism, you're describing managerialism with a manager-evaluation function of profit.
Managers do not need to be evaluated by EPS, but when you are a public company with diffuse shareholders (who are the actual "capitalists", and who include any of use with a 401k or pension), that's an easy one for people to agree on. Also, when your society gives up on the restraints of (in our case) Judeao-Christian values and say "we're just overgrown apes", well, then you get HBS style of management, because there's nothing restraining acting "because we can". I think we have a spiritual crisis more than an economic system crisis.
The VOC and EIC would like a word. While under these so-called 'Judeo-Christian values' Europe was wildly antisemitic, colonised most of the known world, and subjugated, genocided, and enslaved indigenous populations. The UK even wrote a slave bible. Slavery in the US also happened while these 'values' were held in high regard.
If your personal religious beliefs help you be a good person then that's great for you, keep believing. But historically it doesn't appear that more religious societies are more moral societies.
Early Facebook's behavior was what they wanted to do/be. But upon exposure to what others were doing Facebook chose to adopt patterns/techniques that repulsed them originally because Facebook didn't want to be out competed (so Capitalism). Capitalism/competition is what led their behavioral change.
Go back to the recent removal of lead article discussed here. In Capitalism government regulation has to level the playing field or else all players will stoop to poisoning society/the world because if they don't then someone else will gain and advantage. Even hyper rightwing Rayliner agreed Government intervention is the ONLY way to prevent Capitalists from injecting poison into their products if that poison gives a competitive advantage.
What leaded gas was to the boomers brains social media is to current youths' brains.
Its the "lean startup" culture as well as books like "Hooked, how to build habit forming products" - Nir Eyal.
The dark lean startup pattern is where you break down the big picture rationale for the company. You extract metrics that contribute to the company's success (i.e. engagement) and you build a machine that rewards changes to the underlying system that improves those metrics.
If done successfully, you create an unwitting sociopathy, a process that demands the product be as addictive as possible and a culture that is in thrall to the machine that rewards its employees by increasing those metrics. You're no longer thinking about purpose or wondering about what you're doing to your users. You simply realise that if you send this notification at this time, with this colour button, in this place, with this tagline then the machine likes it. Multiple people might contribute a tiny piece of a horrifying and manipulative whole and may never quite realise the true horror of the monster they've helped build, because they're insulated by being behind the A/B test.