In his Enshittification book, Cory referred to this as "technofeudalism" —essentially the return to the feudal society where there are owner elites and peasant subjects. The owners control everything, and the peasant have to rent access under the terms and conditions set by the owners. In the technofeudalism model, everybody (the peasants) have to subscribe to access anything from the corporations (the owner elites), with the corporations retaining all the power.
In his Enshittification book, Cory referred to this as "technofeudalism" —essentially the return to the feudal society where there are owner elites and peasant subjects. The owners control everything, and the peasant have to rent access under the terms and conditions set by the owners. In the technofeudalism model, everybody (the peasants) have to subscribe to access anything from the corporations (the owner elites), with the corporations retaining all the power.