This is interesting.
When I read if for the second time, trying to understand it - maybe even better match for the low orbit flying garbage would be "enshitification"? As the time goes on, more and more garbage is produced, and we have no clear way or specific motivated entity to start removing it so it just grows.
Enshittification specifically is when a product/service/platform gets worse from the user’s perspective because the platform vendor can directly profit from user-hostile design; for example, Google intentionally serves up bad results on the first search results page so the user clicks-through to the second page of results, resulting in more advert revenue to Google[1].
…whereas I feel what you’re describing is another Tragedy-of-the-Commons.
[1]: https://jackyan.com/blog/2023/09/google-search-is-worse-by-d...