03-15-2026Price:

The Frontier

Your signal. Your price.

AI & TECH

Internet Enshittification: Platforms Profit, Users Pay

Sunday, March 15, 2026 · from 2 podcasts
  • The internet's declining quality is a deliberate act of "enshittification" by monopolistic platforms, designed to extract value from users for shareholders.
  • This degradation is a new form of information control, contrasting with the internet's initial role in shattering old institutional monopolies on truth.
  • Restoring the internet requires breaking these new platform monopolies and re-establishing competitive pressure that prioritizes user well-being.

The internet feels broken. That isn't a glitch, it's a deliberate design.

Cory Doctorow, on The Ezra Klein Show, describes this systematic degradation as "enshittification." It's a process where platform monopolies first offer value to users, then extract it for business customers, and finally funnel profits to shareholders. This economic "extraction," as critic Tim Wu frames it, captures wealth far beyond the actual value provided.

This deliberate design contrasts sharply with the internet's early promise. Fernando Nikolic argued on TFTC that the internet initially destroyed the information asymmetry that allowed institutions like the church, state, and legacy media to control narratives for centuries. These gatekeepers held monopolies on truth, dictating facts or divine will.

The digital age exposed the flaws of central banks, the biases of media, and the overreach of governments. This transparency, Nikolic suggests, is a core driver of current societal upheaval, revealing institutional rot faster than ever before. Bitcoin's rise, for example, thrives in this environment where foundational lies are laid bare.

Yet, the same powerful force that exposed old institutions has created new ones. The internet’s monopolistic platforms now control the digital public square, mimicking the gatekeeping of previous eras but with a new economic incentive structure. Users are locked-in, not empowered.

This shift means problems on the internet no longer feel like bugs to be fixed. Instead, as Doctorow observed, they are by design, unfixable within the current system. Reclaiming the internet requires rejecting this fatalism, breaking platform monopolies, and restoring competitive pressure needed to prioritize user well-being.

Cory Doctorow, The Ezra Klein Show:

- I think when I was a lurker on the early internet and I saw things that sucked, I would think someone's going to fix this and maybe it could be me.

- And now when I see bad things on the internet, I'm like, this is by design and it cannot be fixed because you would be violating the rules if you even tried.

Entities Mentioned

Cash AppProduct

Source Intelligence

What each podcast actually said

What Trump Didn’t Know About IranMar 14

  • Platforms now lock users in as assets, leading to a centralized economic model where they ultimately serve shareholders first and users last.
  • According to Doctorow, resisting platform decay requires rejecting technological determinism and the belief that abusive platform behavior is an inevitable stage of market capture.
  • Real change, as outlined by Wu and Doctorow, necessitates breaking platform monopolies to restore competitive pressure that forces companies to treat users well.

Also from this episode:

Business (2)
  • Tim Wu defines platform extraction as an economic process where monopolistic platforms capture wealth far beyond the value they provide to users.
  • Cory Doctorow labels the user-facing result of platform extraction 'enshittification', a systematic degradation of quality as value shifts from users to business customers and then to shareholders.
Digital Sovereignty (2)
  • The broken feeling of the internet stems from a deliberate structural shift from user empowerment to corporate control, not nostalgia for an earlier era.
  • Cory Doctorow contrasts early internet optimism, where bad features felt like bugs to be fixed, with current fatalism, where poor quality is accepted as an unchangeable design choice.

#725: Why Bitcoin Adoption Is Fragmented with Fernando NikolicMar 11

Also from this episode:

Society (5)
  • Fernando Nikolic argues institutions like the church, governments, and legacy media maintained control for centuries by leveraging information asymmetry as sole gatekeepers of truth.
  • Nikolic contends the internet destroyed this monopoly of centralized truth, collapsing the information asymmetry that allowed old institutions to control narratives.
  • Nikolic identifies this collapse of centralized truth as the core driver of current societal upheaval, not merely economic cycles.
  • Nikolic calls this societal phenomenon the 'fourth turning vibes', characterized by old institutions crumbling in front of everyone.
  • Nikolic claims the speed of information transfer accelerates societal crises and exposes institutional rot faster than ever before.
Macro (1)
  • Nikolic states the flaws and devaluations of central banks are now transparent in this new environment, exposing the foundational lies of the old system.
Adoption (1)
  • Nikolic argues Bitcoin thrives as the logical victor in a world where the foundational lies of the fiat system are no longer hidden.