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I think a combination of:

- statically typed languages got better, reducing the relative benefits of dynamic typing. people realized they didn't really hate static types, they hated the way [insert 90s-00s enterprise language here] did static types

- the GIL became more and more painful as computers got more cores

- it used to be a language for passionate hackers, like a latter-day lisp (cf that old pg essay). "written in python" used to be a signal of quality and craftsmanship. now it's the most commonly taught beginner language; millions of bootcamp devs put it in their CV. average skill level plunged.

- PSF was asleep at the wheel on the packaging / tooling problems for years. pip/venv are dinosaurs compared to cargo, nix, or even npm.



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