> This may seem like a small thing, but a series of misteps and chronic failure to adequately advocate for users is what has led us to the toxic waste dump that so much of the Internet has become today.

I think it is both monopolization and cheap money. Something in economy favors big companies and disfavors competition.

Cheap money means that a selected company can run at loss, kill competition and then enshittify to start earning. By that time it is too late and too easy to buy or destroy smaller competing company. And you get access to funding by being charming to VC, by being the kind of sociopath they like to see.

Capitalism works when there is a competition. Not when there is an oligarchy.