Are we blaming the people and communities of Reddit or the actions of the IPO-minded business?

It depends on the person, I think. I left Reddit because I was outright disgusted with its idiotic userbase, but plenty people are here because they know that the vulture capital will wreck that place.

And at the end of the day, we might as well ask if both aren't intrinsically tied - Reddit's userbase being so awful because of the business behind it. @z00s@lemmy.world mentioned the "shitlord mods", most of the time the admins behave in a rather similar fashion.

No, we're blaming OP for trying to make lemmy more like an ipo-minded business.

Inb4 failed

It was the infamous groupthink, brigading, and shitlord mods that were responsible for the R enshittening.

All that business stuff was icing on the cake which was used as a scapegoat by the very people who made R such a shit place to begin with.

The IPO-minded business was unwilling to curtail and curate the userbase as every user was the equivalent to potential profit. There's many many many people from Reddit who should not find a place online to call home. They can stay with the capitalists until the capital runs dry.