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2025年12月28日星期日

Trade Based Money Laundering (TBML)

 

Source: http://velvetdice.in/aml-101-4-trade-based-money-laudering/

透過國際貿易清洗黑錢 (Trade Based Money Laundering, TBML) 是一種傳統的洗黑錢手法。常用的方法:透過不存在的虛假貿易 (Fictitious or “ghost” trading) 轉移犯罪收入,透過誇大或縮小貨物的價值 (Over Invoicing or Under Invoicing) 轉移資金至另一個國家(動機可以是繞過外匯管制即是走資)。

提供兩宗真實個案Case 1 是 100% 虛假貿易(配合假文件和假網站將黑錢假裝成合法的貿易收入)Case 2 是透過誇大貨物的價值(假鑽石扮真鑽石)轉移犯罪收入,牽涉印度。

亞洲國家中,最有條件玩 TBML 的,是中國和印度。原因:

(一)人口大國,在本國以外有龐大的離散人口 (Diaspora) ,在多個國家建立起具備規模的海外僑民社區 (Diaspora Communities),當中有不少人從事貿易活動,提供現成的轉錢渠道及人脈網絡,令海外民有辦法不經銀行系統匯回家又或做生意(正當生意或犯罪活動)。對,人多好辦事,毛主席的名句。相關的概念:Hawala, Chinese underground banking, Chinese money laundering network.

(二)古老文明,官民角力的歷史非常悠久。中國和印度都有很多民間的高手,用創意發展出各種千奇百怪的方法,讓民眾可以繞過官府設立的關卡,或逃稅或匯錢或走資,然後在官府面前扮窮或報窮(宣布破產)。Case 2 牽涉印度,不難理解。印度騙子看中香港,因為香港是自由港,有大量的貨物出入,數量龐大,方便掩飾。執法部門資源有限,只能選擇性地抽查,以犯罪集團運用跨國的商品貿易掩飾洗黑錢。

由於歷史原因,香港跟印度有聯繫,有印度人社群。同時又背靠實施外匯管制的中國,再加上大量的大陸人移居香港,成為洗黑錢中心,實屬理所當然。


Case 1

偽冒船公司精心炮製假網站 

「幽靈貿易」洗 $89 億黑錢 海關拘 

撰文:陳浩然 黃偉民 陳傲淇

香港 01 (2025-12-23)

https://www.hk01.com/article/60306215?utm_source=01articlecopy&utm_medium=referral

節錄:海關搗破巨額洗黑錢案,拘捕 名男女,首次發現有犯罪集團精心製作偽冒的船公司網站進行「幽靈貿易」,但所船務資訊、貿易文件、買賣記錄全是偽造,假扮成合法貿易收入,瞞過銀行的客戶盡職審查,將黑錢洗白。海關調查顯示,涉案公司沒有任何入境報關記錄。 

集團收款後會將錢匯到幾間持牌找換店,公司之間亦會轉帳;部分骨幹成員亦會使用個人戶口,處理來歷不明的款項,其中 名被捕人士在 2022 年 月至 2025 年 12 月,近 年間在 14 間本地銀行合共開設 29 個公司或個人戶口,收取超過 3700 筆來歷不明的轉帳,清洗高達 89 億港元。海關已凍結及監察涉案約 5500 萬元資產。 

海關經調查發現,有洗黑錢集團進行「幽靈貿易」,製作精美的偽冒船公司網站及一些虛假貿易檔案,以營造貿易活動真實存在的假象。案中,不法集團以公司名義,向銀行聲稱付運約 8600 萬港元等值的貨物,因而公司戶口接收相應貨款,當銀行進行客戶盡職審查時,銀行職員根據集團提供的海運提單上的資料,瀏覽相應偽冒網站,得到相應虛假船務資訊,使集團成功矇混過關。

海關財富調查科財富調查第一組高級調查主任蔡劍輝解釋,「幽靈貿易」顧名思義為現實中根本不存在的貿易,沒有貨物真實的進出口。不法分子會利用虛假貿易文件,例如假合約、假單據去製造一些買賣記錄。而透過有關記錄,他們便會將黑錢假裝成合法貿易收入,從而將資金大額轉移,隱瞞了資金的真實來源,再將黑錢洗白。


Case 2 

香港印度海關偵破跨國鑽石貿易洗黑錢 涉款五億元

Now 新聞台】2023 年 12 月 28 

https://news.now.com/home/local/player?newsId=544433

節錄:香港海關聯同印度海關首次發現有不法集團以跨國鑽石貿易出口假的天然鑽石到印度,再匯款洗黑錢,涉款約五億元,兩地各有四人被捕。香港海關與印度海關聯手在本月 19 日起採取行動,發現一個犯罪集團開設公司,把人造鑽石當成天然鑽石,出口到印度,賺取差價,再匯至香港洗黑錢。 

海關財富調查科監督楊郁文:「天然鑽石的價格是人造鑽石的 100 倍,打一個比喻,這個洗黑錢集團只要每次把價值100 萬元的鑽石出口,就可以在海外把 99 萬的懷疑犯罪得益轉移到香港。」海關表示,天然鑽石和人造鑽石外觀上較相似,不過一般人難以分辨,需要找專家鑒定。行動中檢獲大量懷疑人造鑽石、少量天然鑽石、銀行卡、支票簿以及超過 100 萬現金等,調查期間公司的戶口紀錄引起海關懷疑。

海關財富調查第二組指揮官陳經緯:「我們發現被捕人士名下的公司在 2021 年有超過 130 次申報由香港出口天然鑽石到印度涉案公司的紀錄,重量約為 200 卡到 500 卡左右,而貨物的價值約為 200 萬到 500 萬港元不等。」香港和印度兩地各有 人被捕,海關將會進一步調查被捕人士的背景和資金流向。


延伸閱讀/參考資料: 

HMRC Guidance on Trade-Based Money Laundering Techniques

Marco Beranzoni

CAMS Financial Crime Specialist

https://www.linkedin.com/posts/marco-b-8121922_trade-based-money-laundering-tbml-handbook-activity-7405513163200409600-MUrE?rcm=ACoAAAfplGUByyc4TTjRahGeIcksY69567w_dxo

Excerpt: The TBML Handbook breaks down how criminals exploit trade finance, customs processes, and international supply chains to disguise the movement of illicit funds. Even without deep trade-finance expertise, the guidance offers clear indicators and practical angles for investigation.

Key techniques highlighted in the handbook: 

Fictitious or “ghost” trading

Goods never exist, yet full invoices, shipping documents, and customs entries are created through collusion — enabling seamless value transfer.

Over- and under-invoicing

Manipulating the price of goods or services to shift value internationally. HMRC notes that over-invoicing exports can be particularly effective due to limited scrutiny compared to imports.

Multiple invoicing

Reusing the same shipment documentation to justify several payments across multiple banks — exploiting fragmented oversight.

Misdescription of goods or services

Shipping low-value items while invoicing high-value commodities, or disguising service-based transactions where verification is harder.

Vulnerabilities in open-account trade

With around 80% of global trade conducted on open-account terms, the lack of bank oversight creates an attractive channel for TBML.

 

UK Government, HM Revenue & Customs

Trade-based money laundering Handbook

Oct 29, 2025

https://www.gov.uk/guidance/trade-based-money-laundering-tbml-handbook

 

AML 101: 4 TRADE BASED MONEY LAUDERING (TBML)

October 28, 2020

http://velvetdice.in/aml-101-4-trade-based-money-laudering/

Red flags for ML (Money Laundering) through TBML (Trade Based Money Laundering)

  • Significant discrepancies between the description of goods on the bill of lading and on the invoice, which could indicate over- or under-invoicing, over- or under-shipping or a false description of the goods
  • A letter of credit that fails to call for the presentation of transport document
  • Unusually favourable payment terms (such as an interest rate far above the market rate)
  • A letter of credit transferee or assignee in an offshore financial centre
  • A quantity of goods that exceeds the known capacity of the shipping container or tanker or other vessel
  • Odd client behaviour. Examples include requesting an unusual degree of confidentiality, not providing clear answers to routine commercial, financial or technical questions and approaches from an unknown third party whose identity is not clear or convincing.


Investopedia -

What Is Hawala? Money Transfer Without Money Movement

https://www.investopedia.com/terms/h/hawala.asp

What Is Hawala? Hawala, an ancient method of money transfer originating in South Asia, enables the movement of funds without the physical transfer of currency. Known for its reliance on trust rather than official promissory notes, it operates outside traditional banking systems, particularly benefiting those in regions with limited access to formal financial networks. By facilitating swift, cost-effective remittances, hawala serves as an alternative remittance channel, especially for migrants and expatriates. However, its unregulated nature also attracts illicit activities, leading many countries to impose strict regulations or outright bans.

Key Points:

  • Hawala is an informal money transfer system, operating outside traditional banking, that relies heavily on trust and personal networks to move funds without actual money changing hands.
  • Originally developed in South Asia, hawala remains a popular alternative for sending remittances due to its low fees, speed, and accessibility, particularly in regions lacking formal banking infrastructure.
  • While beneficial for quick, low-cost financial transactions, hawala systems also pose risks as they can be exploited for money laundering, tax evasion, and financing terrorism due to their lack of formal records.
  • Many countries, such as the U.S. and India, have laws against hawala due to regulatory and anti-money laundering concerns, though it remains legal under strict regulations in places like Dubai.
  • Fintech solutions have started to incorporate elements of the hawala model to aid financial inclusion in underbanked regions through mobile banking and payment platforms.

(推介原因:外國金融罪案專家對 Hawala 的定義:Mirror transactions. Two identical transactions which cancel off each other. 這種玩法,廣東話叫「對數」。清末民初至二戰前後,去泰國工作的潮州人用這種方法匯錢給在潮汕地區的家人,那個地下銀行系統叫「僑批」。)

Hawala 存在於華語世界,南亞大陸和穆斯林國家,有悠久歷史。常見用途:1. 在外國工作的國民用來匯錢給在國內生活的家人。2. 用來繞過外匯管制即是走資或洗黑錢。3. 某國被美國制裁令對外貿易困難重重,需要用另類的管道做結算,可以是兩宗互相抵銷的交易。北韓,伊朗和俄羅斯有此需要,也是這個範疇的專家。而不管是 123,那些錢都不經合法的銀行系統。

 

相關的文章: 

金山黑錢

2020 年 月 

http://xiaoshousha.blogspot.com/2020/05/blog-post.html

節錄:洗黑錢也有類似的做法,表面上是正常的跨國商品貿易,犯罪集團透過誇大或縮小買賣的金額或同一批貨多次出單,把黑錢從一個國家轉移到另一個國家。由於銀行未能完全掌握交易的全貌(英文的說法是 Limited visibility),會在不知不覺間被犯罪集團所利用。這種運用跨國商品貿易掩飾洗黑錢的手法,金融業術語叫 Trade Based Money Laundering (TBML)

移形換影

2020 年 12 月 12 

http://xiaoshousha.blogspot.com/2020/12/blog-post.html

節錄:墨西哥毒販把美元現金當面交給中間人(大陸商人 A ),根據議定的匯率轉換成人民幣。然後商人 A 動用自己的中銀賬戶,把等值的人民幣轉移到商人 B 的中銀賬戶,而商人 B 身處墨西哥又或者有辦法拿到墨西哥披索。商人 B 可以透過以下任何一種方法把錢送交墨西哥毒販:1. (按照議定的匯率)把等值的墨西哥披索直接交給毒販或對方派來的人。2. 商人 B 用那筆人民幣在中國境內採購廉價的消費品,例如服裝、鞋類或電子產品,然後運往墨西哥出售,表面上是正當的跨國商品貿易,文件上的表述和數字是真的,然後把所得收入(墨西哥披索)直接交給毒販或對方派來的人。如果選 2. 便是運用跨國的商品貿易掩飾洗黑錢,金融業術語叫 Trade Based Money Laundering (TBML)

偷龍轉鳳

2017 年 月 26 

http://xiaoshousha.blogspot.com/2017/04/blog-post_26.html

節錄:背後的原因,是印度有一個規模龐大的地下經濟體系,黑市交易活動頻繁,偽鈔、逃稅和貪污也非常猖獗,令官府的稅收嚴重流失,官方的統計數字失去參考價值。莫迪此舉令銀行門前出現長長的人龍,老百姓被迫放下工作排隊,生活節奏被打亂,令民間怨聲載道。英語傳媒認為莫迪此舉是兵行險著,試圖解決一些困擾印度多年的結構性問題,令經濟活動重回正軌,以及穩定政府的財政收入。


2025年12月21日星期日

Enshittification (Having been made shittier)

插圖來源:


書名很粗俗,在 Shit(大便)的基礎上發展而成,主題是社交媒體或網上平台的營商手法和商業模式,解釋它們如何走上仆街之路。 

仆街三部曲

社交媒體或網上平台走上仆街之路,可分為三個階段:

首先,社交媒體 (Social Media) 或網上平台 (Online platform) 會在虧本的情況下,推出優質服務吸引使用者。建立了客戶基礎(累積了足夠數量的個人客戶)之後,就想辦法鎖定或捆綁客戶(例如:令客戶上癮的演算法),令客戶流連忘返或難以轉場。

第二步是剝削第一批客戶(個人客戶),用來孝敬第二批客戶(企業客戶)。可以是讓企業客戶得到個人客戶的個人資料,也可以是迫個人客戶觀看企業客戶提供的廣告,同時想辦法鎖定或捆綁企業客戶。原因?向企業客戶提供收費服務,才能收回部份成本 

第三步是把創造的價值或利潤轉移至創辦人或大股東身上。成功之後,社交媒體或網上平台再沒有動機維持優質服務,下一步是步向死亡,或處於半不活的喪屍狀態。在第三個階段,個人客戶覺得服務質素下降,原本免費的服務開始要收費,帶來的壞處多過好處,紛紛離開。那個社交媒體或網平台負評如潮,用戶經驗大便化(所以叫 Enshittification)、垃圾化、劣質化。平台開始崩壞,無法吸引新客戶,但創辦人或大股東不在乎,因為目標已達,數錢離場。簡單地說:蝕頭賺尾,飽食遠揚。 

這三部曲,被作者 Cory Doctorow 形容為 Enshittification (Having been made shittier)他描述的三個階段,充份體現資本主義的掠奪本質以及追求利潤最大化的精神。這個過程,如果要翻譯成港式粵語,便是社交媒體或網上平台如何走上仆街之路。起初是受歡迎的新玩意,最後變成死不足惜的壞蛋。這種故事,可以叫《科網企業興衰史》或《仆街是怎麼煉成的》(提示:紅色經典《鋼鐵是怎麼煉成的》)。之後 Cory Doctorow 把  Enshittification 這個字擴展到其他範疇,即是開始 Buzzword 化。

真實個案:Facebook

眼前的好例子,是 Facebook它正處於第三個階段,即是惡評如潮和使用者經驗劣質化。這時候,被社交媒體搶飯碗(廣告收入)的舊媒體發功,揭發 Facebook 有 10% 的網廣告是詐騙廣告,即是創辦人用不道德的手法賺錢。潛台詞:Mark Zuckerberg 應該受譴責或懲罰。欲知詳情,請參考《延伸閱讀》部份提供的 Reuters 調查報導。新舊媒體的關係,是狗咬狗。新媒體出事,舊媒體補刀,就是這樣。

正所謂禍不單行,同一時間,官府出手,加強監管社群媒體。澳洲政府由今年 12 月 10 日開始,對社交媒體設定年齡限制,十六歲以下的青少年及兒童不得開設帳戶。此舉是西方國家的先例,備受關注。其他西方國家會觀察成效,看看是否可以參考澳洲的做法,發展出一套針對社媒體的監管制度。社交媒體方面,就要想辦法應付官府推出的監管法規,否則無法吸收年輕人客戶,影響生存發展。

結論:走勢向下,不可依賴,切勿沉迷。 Enshittification 這個概念,其實亦適用於  KOL (Key Opinion Leader) YouTuber 身上。眼前就有幾位港產的名嘴,開始踏入第三個階段,即是變仆街。傳媒是偏門行業,新舊媒體都一樣。玩得越久,名氣越大,越難抽身,最後突然崩壞,成為全城喊打的仆街,死得很難看。


延伸閱讀/參考資料: 

Merriam-Webster Dictionary - Enshittification

https://www.merriam-webster.com/slang/enshittification

Excerpt: What does enshittification mean? 

Enshittification is an informal word used to criticize the degradation in the quality and experience of online platforms over time, due to an increase in advertisements, costs, or features. It can also refer more generally to any state of deterioration, especially in politics or society. Similar forms include enshittify and enshittified.

Where does enshittification come from?

Enshittification is an archly elaborate formation for “having been made shittier,” or “worsened.” It combines the vulgarism shit, the prefix en- (“cause to be”), and -ification (a noun combining form meaning “making” or “producing”). Several independent coinages of enshittification are found online in the 2010s, with evidence for the similar shittification seen even earlier.

The term was popularized by the Canadian writer Cory Doctorow starting in 2022, when he suggested a patterned decline in the quality of online platforms resulted from capitalistic incentives. Doctorow explained the decline as a process in which a platform first offers value to users, then to other businesses, then back to themselves and shareholders after it dominates the market. He notably applied the word enshittification in critiques of Big Tech companies and social media sites. 

Enshittification received considerable attention in 2023, after the American Dialect Society chose it as its Word of the Year (followed by Australia’s Macquarie Dictionary doing so in 2024).

How is enshittification used?

Enshittification is most commonly used to call out degraded user experiences of tech platforms, especially social media, streaming sites, and on-demand services. The word is also used to voice concerns about the erosion of social conditions, especially when thought to be worsened by capitalism or conservatism.

 

Wikipedia - Enshittification

https://en.wikipedia.org/wiki/Enshittification

Enshittification, also known as crapification and platform decay, is a pattern in which two-sided online products and services decline in quality over time. Initially, vendors create high-quality offerings to attract users, then they degrade those offerings to better serve business customers, and finally degrade their services to users and business customers to maximize short-term profits for shareholders.

Canadian writer Cory Doctorow coined the neologism enshittification in November 2022. Though he was not the first to describe the concept, his term has been widely adopted. The American Dialect Society selected it as its 2023 Word of the Year, with Australia's Macquarie Dictionary following suit for 2024. Merriam-Webster and Dictionary.com also list enshittification as a word.

Doctorow advocates for two ways to reduce enshittification: upholding the end-to-end principle, which asserts that platforms should transmit data in response to user requests rather than algorithm-driven decisions; and guaranteeing the right of exit—that is, enabling a user to leave a platform without losing access to data, which requires interoperability. These moves aim to uphold the standards and trustworthiness of online platforms, emphasize user satisfaction, and encourage market competition.

History and definition

The use of scatological terminology with a -fication suffix was in occasional use in the late 2010s and early 2020s, including with reference to degrading software systems. A 2018 Naked Capitalism post referred to the "crapification" of software used by Boeing, and Wendy A. Woloson used the term "encrappification" to describe the proliferation of cheap goods in American economic history. However, Cory Doctorow was the first specifically to use enshittification as a descriptor of service degradation and to formalize its meaning, in a November 2022 blog post that was republished three months later in Locus. He expanded on the concept in another blog post that was republished in the January 2023 edition of Wired:

Here is how platforms die: first, they are good to their users; then they abuse their users to make things better for their business customers; finally, they abuse those business customers to claw back all the value for themselves. Then, they die. I call this enshittification, and it is a seemingly inevitable consequence arising from the combination of the ease of changing how a platform allocates value, combined with the nature of a "two-sided market", where a platform sits between buyers and sellers, hold each hostage to the other, raking off an ever-larger share of the value that passes between them.

In a 2024 op-ed in the Financial Times, Doctorow argued that "'enshittification' is coming for absolutely everything" with "enshittificatory" platforms leaving humanity in an "enshittocene".

Doctorow argues that new platforms offer useful products and services at a loss, as a way to gain new users. Once users are locked in, the platform then offers access to the userbase to suppliers at a loss; once suppliers are locked in, the platform shifts surpluses to shareholders. Once the platform is fundamentally focused on the shareholders, and the users and vendors are locked in, the platform no longer has any incentive to maintain quality. Enshittified platforms that act as intermediaries can act as both a monopoly on services and a monopsony on customers, as high switching costs prevent either from leaving even when alternatives technically exist. Doctorow has described the process of enshittification as happening through "twiddling": the continual adjustment of the parameters of the system in search of marginal improvements of profits, without regard to any other goal. Enshittification can be seen as a form of rent-seeking.

To solve the problem, Doctorow has called for two general principles to be followed:

The first is a respect of the end-to-end principle, which holds that the role of a network is to reliably deliver data from willing senders to willing receivers. When applied to platforms, this entails users being given what they asked for, not what the platform prefers to present. For example, users would see all content from users they subscribed to, allowing content creators to reach their audience without going through an opaque algorithm; and in search engines, exact matches for search queries would be shown before sponsored results, rather than afterwards.

The second is the right of exit, which holds that users of a platform can easily go elsewhere if they are dissatisfied with it. For social media, this requires interoperability, countering the network effects that "lock in" users and prevent market competition between platforms. For digital media platforms, it means enabling users to switch platforms without losing the content they purchased that is locked by digital rights management.

In October 2025, Doctorow released a book titled Enshittification: Why Everything Suddenly Got Worse and What To Do About It.


维基百科:垃圾化

https://zh.wikipedia.org/zh-tw/%E5%9E%83%E5%9C%BE%E5%8C%96

節錄:垃圾化(英語:enshittification),又稱為平台劣化(英語:platform decay),是一種雙邊線上平台服務品質隨著時間推移而下降的現象。起初平台業者會推出高品質的服務來吸引使用者,接著開始降低使用者服務品質以服務商業客戶(例如廣告商);最終平台業者會對使用者和商業客戶雙雙降低服務水準,以為股東追求最大利潤。 

加拿大小說家科里·達克特羅(Cory Doctorow)於 2022 年 11 月創造了「垃圾化」這個新詞。雖然垃圾化的概念在更早之前就有人提出,但達克特羅使用的詞彙獲得社會大眾的廣泛採用:美國方言學會將其選為 2023 年年度詞彙,澳洲的麥考瑞字典隨後也將其選為 2024 年年度詞彙。韋氏詞典和Dictionary.com網站也有收錄「垃圾化」一詞。

達克特羅主張透過兩種方式來減少垃圾化:一是維護端對端原則(end-to-end principle),主張平台應根據使用者的請求而非演算法驅動的決策來傳輸資料;二是保障退出權(right of exit),即藉由確保平台間的互通性(interoperability),讓使用者在選擇轉移或離開平台時不會遺失資料。這些舉措旨在維護線上平台的標準和可信度、強調使用者體驗、並鼓勵市場競爭。

語源與定義

科里·達克特羅是第一位將這種詞彙特定於描述服務品質下降並定義其內涵的人。達克特羅首先在 2022 年 11 月的部落格文章中提出「enshittification(直譯「大便化」)的概念,該文章於三個月後轉載於 Locus 雜誌;其後他在另外一篇日後刊登於 2023 年 月號 Wired 雜誌的部落格文章中將概念發展得更為明確:

平台是這樣走向死亡的:首先,它們對使用者很好;接著,它們開始濫用使用者,讓事情對商業客戶更有利;最後,它們濫用這些商業客戶,為自己收回所有的價值。然後,它們就死了。我稱這個過程為垃圾化。由於平台能夠輕易改變其價值權衡的方式,再加上「雙邊市場」的本質——平台處於買方與賣方之間,將雙方互相挾持,並從兩者之間流通的價值中攫取越來越大的份額——這似乎是無可避免的後果。

2024 年《金融時報》的一篇社論中,達克特羅認為「『垃圾化』正席捲一切」,而這些造成「垃圾化」的平台將會把人類棄於一個「垃圾世」(enshittocene)之中。

達克特羅主張,新平台起初會以虧本的方式提供有用的產品和服務,作為吸引新使用者的手段。一旦使用者被綁定(locked in),平台便會以虧本的方式向供應商提供使用者群的存取權;當供應商也被綁定,平台便會將盈餘轉移給股東。而一旦平台將重心轉向股東、且使用者和供應商都被綁定,平台就沒有任何維持服務品質的誘因。垃圾化的平台作為中介者,既可以成為服務的壟斷者(monopoly)也可以成為客戶的獨買者(monopsony),縱使理論上有其他平台可以作為替代品,使用者或供應商往往卻因為高轉換成本而難以脫離平台。達克特羅將垃圾化描述為透過「微調」(twiddling)而發生,即不斷調整系統的參數以追求利潤的邊際改善,而不考慮任何其他目標。垃圾化也可以視為一種尋租形式。

為了解決這個問題,達克特羅呼籲平台遵守兩大原則:

第一項是尊重端對端原則,即認為網路的角色是可靠地將資料從有意發送者傳遞給有意接收者。在平台上,這指的是使用者應得到他們所要求的內容,而非平台希望呈現的內容。例如,使用者能看到他們訂閱的所有內容,讓內容創作者無需經過不透明的演算法即可接觸到他們的受眾;在搜尋引擎上,搜尋結果應優先顯示與查詢相符的結果,而非優先呈現贊助連結。

第二項是退出權,即若平台的使用者如果對服務不滿意,應當能輕鬆地轉移到其他平台。對於社群媒體,這需要互通性來對抗綁架使用者且阻攔競爭的網路效應(network effects)。對於數位媒體平台,這意味著允許使用者能自由地轉換平台,而不會因此而喪失數位版權管理保護的多媒體內容。


Investopedia – Rent Seeking

https://www.investopedia.com/terms/r/rentseeking.asp

Key Points:

  • Rent seeking involves gaining wealth without contributing to societal wealth, often by manipulating political systems.
  • Lobbying for subsidies or regulation changes is a common form of rent seeking.
  • Rent seeking can disrupt market efficiency, creating disadvantages for consumers and new companies.
  • Originating from the work of Gordon Tullock and Anne Krueger, the concept highlights the economic definition of "rent."
  • Rent seeking relies heavily on legislation and government funding distributions that may perpetuate economic imbalance.


The General Theory of Enshittification

It isn’t a new phenomenon, but it seems to matter more

Paul Krugman

Jul 24, 2025

https://paulkrugman.substack.com/p/the-general-theory-of-enshittification

Excerpt: Here is how platforms die: first, they are good to their users; then they abuse their users to make things better for their business customers; finally, they abuse those business customers to claw back all the value for themselves. Then, they die. 

I argued earlier this week that enshittification has a lot to do with the way the tech industry has fallen out of public favor. But without detracting from the brilliance of Doctorow’s discussion, I’ve become convinced that his analysis is too narrow, focusing only on certain kinds of social platforms. In fact, the basic logic of enshittification — in which businesses start out being very good to their customers, then switch to ruthless exploitation — applies to any business characterized by network effects. It may go under different names like “penetration pricing,” but the logic is the same.

Doctorow’s final stage — “Then, they die” — may also be wishful thinking. So let me talk a bit about the economics of enshittification, as I see it, then follow up by talking about how enshittification can mess with our heads in several ways. The title of this post is, of course, facetious. I don’t have a general theory to offer, just some hopefully clarifying ideas.

Suppose you run a business whose product, whatever it may be, is subject to network effects: the more people using it, the more attractive it is to other current or potential users. Social media platforms like Facebook or TikTok are the currently obvious examples, but the logic works for services like Uber or physical goods like electric vehicles too.

What’s the profit-maximizing strategy for your business? The answer seems obvious: offer really good value to your customers at first, to build up the size of your network, then enshittify — soak the customer base you’ve built. The enshittification could take the form of charging higher prices, but it could also involve reducing quality, forcing people to watch ads, etc. Or it could involve all of the above.

(推介原因:經濟學家 Paul Krugman 的補充說明。)

 

Infinite Scroll

The Age of Enshittification

In a new book, the technology critic Cory Doctorow expands on a coinage that has become bleakly relevant, in Silicon Valley and beyond.

By Kyle Chayka

The New Yorker

October 1, 2025

https://www.newyorker.com/culture/infinite-scroll/the-age-of-enshittification

Key Points:

  • Doctorow came up with the phrase, in 2022, to describe how all the digital services that increasingly dominated our daily lives seemed to be getting worse at the same time. The embrace of the term reflected a sense of collective frustration. Technology was improving, after a fashion, but too often those improvements made platforms more adept at extracting value from users and clients, driving profit and engagement for the companies themselves. 
  • In Doctorow’s argument, enshittification was an intentional pattern on the part of the tech companies. In his new book of the same name, he expands his various blog posts and articles on the subject into an over-all theory of “why everything suddenly got worse and what to do about it,” as the subtitle puts it.
  • Enshittification unfolds in three phases: first, a company is “good to users,” Doctorow writes, drawing people in droves, as funnel traps do Japanese beetles, with the promise of connection or convenience. Second, with that mass audience consolidated, the company is “good to business customers,” compromising some of its features so that the most lucrative clients, usually advertisers, can thrive on the platform. This second phase is the point at which, say, our Facebook feeds fill with ads and posts from brands. Third, the company turns the user experience into “a giant pile of shit,” making the platform worse for users and businesses alike in order to further enrich the company’s owners and executives.
  • Perhaps we were expecting too much from the digital platforms that we inhabit. The experiences we enjoyed in the early days of social media and on-demand apps turned out to be unsustainable; the services that were initially free or subsidized would have to pay for themselves eventually. The dream of the early, more open internet was that people would connect with one another with minimal mediation, and Doctorow enumerates the structural factors that guarded against enshittification in that era.


A REUTERS SPECIAL REPORT

Meta is earning a fortune on a deluge of fradulent ads, documents show

Meta projected 10% of its 2024 revenue would come from ads for scams and banned goods, documents seen by Reuters show. And the social media giant internally estimates that its platforms show users 15 billion scam ads a day. Among its reponses to suspected rogue marketers: charging them a premium for ads - and issuing reports on "Scammiest Scamers."

By Jeff Horwitz

November 6, 2025

https://www.reuters.com/investigations/meta-is-earning-fortune-deluge-fraudulent-ads-documents-show-2025-11-06/

Intro: Meta internally projected late last year that it would earn about 10% of its overall annual revenue – or $16 billion – from running advertising for scams and banned goods, internal company documents show. 

A cache of previously unreported documents reviewed by Reuters also shows that the social-media giant for at least three years failed to identify and stop an avalanche of ads that exposed Facebook, Instagram and WhatsApp’s billions of users to fraudulent e-commerce and investment schemes, illegal online casinos, and the sale of banned medical products.

 

A REUTERS SPECIAL REPORT

Meta’s “Trusted Experts” Helps me run scam ads on Facebook and Instagram

By Jeff Horwitz

December 15, 2025

https://www.reuters.com/investigations/metas-trusted-experts-helped-me-run-scam-ads-facebook-instagram-2025-12-15/

Intro: SAN FRANCISCO - For a week in November, Facebook and Instagram featured ads that showed cash and cryptocurrency raining down on a man at his computer. The ads asked viewers if they wanted to make a weekly return of 10% on their money – a highly improbable annualized rate of more than 14,000%. 

The ads tested policies at Meta, owner of the social media platforms, against promotions for get-rich-quick schemes. But they ran anyway. They appeared in the feeds of more than 20,000 users in the United States, Europe, India and Brazil, according to statistics Meta provided the person who placed the ads, and prompted dozens of inquiries about the promo.

 

A REUTERS SPECIAL REPORT

Meta tolerates rampant ad fraud from China to safeguard billions in revenue

By Jeff Horwitz and Engen Tham

December 15, 2025

https://www.reuters.com/investigations/meta-tolerates-rampant-ad-fraud-china-safeguard-billions-revenue-2025-12-15/

Intro: SAN FRANCISCO - Last year, Meta had to reckon with an ugly conclusion about its Chinese advertising customers: They were defrauding Facebook, Instagram and WhatsApp users worldwide.

Though China’s authoritarian government bans use of Meta social media by its citizens, Beijing lets Chinese companies advertise to foreign consumers on the globe-spanning platforms. As a result, Meta’s advertising business was thriving in China, ultimately reaching over $18 billion in annual sales in 2024, more than a tenth of the company’s global revenue.

But Meta calculated that about 19% of that money – more than $3 billion – was coming from ads for scams, illegal gambling, pornography and other banned content, according to internal Meta documents reviewed by Reuters.


Australia has banned social media for kids under 16. How will it work?

Helen Livingstone

BBC, Sydney

December 10, 2025

https://www.bbc.com/news/articles/cwyp9d3ddqyo

Intro: Under-16s in Australia are now banned from using major social media services including Tiktok, X, Facebook, Instagram, YouTube, Snapchat and Threads. They cannot set up new accounts and existing profiles are being deactivated. The ban is the first of its kind and is being watched closely by other countries.


Focus on the Family Australia

Social Media Ban for Under 16s: What Parents Need to Know

https://families.org.au/article/social-media-ban-for-under-16s-what-parents-need-to-know/?gad_source=1&gad_campaignid=10034198570&gbraid=0AAAAADKJf3FbWPdpkx1nLnl97mSTVrxiH&gclid=EAIaIQobChMIwsvQ55_JkQMVP20PAh13thL5EAAYASAAEgIjaPD_BwE 

Intro: From December 10, the Australian Federal Government will introduce a world-first restriction preventing children under 16 from holding accounts on most major social media platforms. While some details are still being finalised, the goal is clear: reducing risks such as cyberbullying, online predators, exposure to inappropriate content, and the rising rates of anxiety and depression linked to extended social media use. Below is a simple guide to what’s happening, what’s changing, and how you can support your child through it.

Which Platforms Are Affected?

Platforms included in the ban

  • YouTube
  • X (Twitter)
  • Facebook
  • Instagram
  • TikTok
  • Snapchat
  • Threads
  • Kick
  • Reddit
  • Twitch

 

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http://xiaoshousha.blogspot.hk/2018/01/blog-post.html

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狗咬狗

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http://xiaoshousha.blogspot.hk/2016/11/blog-post_30.html

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變臉

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https://xiaoshousha.blogspot.com/2025/12/blog-post.html

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人生滿希望

2018 5 25

http://xiaoshousha.blogspot.com/2018/05/blog-post_25.html

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