Capital One Financial is buying Discover Financial Services for $35 billion, in a deal that would bring together two of the nation’s biggest lenders and credit card issuers
With no significant new markets to exploit, having conquered the monopoly board, and their grift always requiring infinite growth/metastasis on a finite world, terminal state Capitalism is eating itself in its perpetual need for mooooooaaaaar.
Merging entire economic sectors, laying off their talent, enshittifying their product/service in the process because lol where you gonna go, destroying that sector’s ability to provide the product/service it existed for in the first plase, to private shareholder cheers because sabotaging the future will boost profits in the short term, because that’s all they care about: the next 3 months.
With no significant new markets to exploit, having conquered the monopoly board, and their grift always requiring infinite growth/metastasis on a finite world, terminal state Capitalism is eating itself in its perpetual need for mooooooaaaaar.
Merging entire economic sectors, laying off their talent, enshittifying their product/service in the process because lol where you gonna go, destroying that sector’s ability to provide the product/service it existed for in the first plase, to private shareholder cheers because sabotaging the future will boost profits in the short term, because that’s all they care about: the next 3 months.
It’s happening in every corner of our economy.