Yes, the 'greed is good' neoliberal lunatics have taken over the economics asylum and are privileging capital over labour.

However, Doctorow specifically addresses the question, 'Isn't enshittification just late-stage capitalism'. He talks about specific government policy decisions, made by named individuals, that have ensured that the people making the worst choices will 'succeed' in business at the expense of human rights. He wants us to fight for elected governments not to be pushed around by monopolies and oligarchs, and for a 'new good internet' where adversarial interoperability is allowed to mitigate the worst crimes of the enshittifiers.