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It’s the tragedy of the commons writ large.
Started off with cooperation and general good behavior between users, passed through corporations bulldozing the place and putting in paid parking for their strip malls, now we’re at the Wall-E stage where advertising billboards talk to robots mindlessly doing tasks in abandoned cities for some nebulous “greater good”.
To expand on this, things like reddit and discord are literally modern-day attempts to enclose the commons in my view. They took all the ground from open protocols that nobody in particular owned and replaced them with an aristocrat’s private property.