Amazon is *very* proud of its #flywheel: at first, the company offered subsidies to customers, which lured in sellers. Then, it demanded that those sellers lower their prices, which lured in more customers. With more customers, more sellers piled in. Faster and faster, the flywheel spins, creating the #EverythingStore:
https://fourweekmba.com/amazon-flywheel/
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If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
https://pluralistic.net/2023/04/25/greedflation/#commissar-bezos
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With an academic search on #enshittification coined by @pluralistic on Google Scholar, the first link is to @blair_fix , where the tie is made to inflation.
> What’s this enshittification got to do with inflation? Everything! [....]
> It’s inflation through enforced scarcity.
> The ‘enforced’ part is key. Yes, we live in a world in which resources are finite, and hence ‘scarce’. But regardless of a resources’ innate abundance, maintaining high prices requires restriction.
https://bnarchives.yorku.ca/764/3/20230126_fix_the_cause_of_stagflation.html
@daviding @pluralistic
Awesome!