#capitalism

A billionaire got mad, bought your favourite social media site and ran it into the ground. A different billionaire got mad, bought the magazine site you liked to read on your lunchbreak and shut it down completely. A third billionaire did what they do best, bought the app you use for networking and sold it off for parts.

“The practice of shrinkflation is a scam,” Bruno Le Maire, France’s finance minister, said in a statement. “We are putting an end to it.”

Sigh

Hence the enthusiasm for projects such as the not-for-profit Open Library of Humanities, set up by Birkbeck academics in 2013, which now publishes 33 open access journals per year. When it’s capitalism that’s the problem, and not markets, the only alternative is post-capitalism.