LOL. They're hypercapitalists that treat everything as a commodity to be sold, including their users.

Capitalism and Communism have more in common than either do with Syncretism. These materialist ideologies focus solely upon items and instant gratification, rather than the bonds between people and shared commonalities.

Furthermore, you can have Marxist Capitalism. Marxism is simply the application of Communist principles espoused by Marx to aspects of society. It may not be economically Marxist, but it is, indeed, Marxist in all but that.

But how does that make reddit "degenerate", whatever that is?

I shouldn't have to explain how porn is degenerate. It's inherently materialist and serves only as instant gratification, nothing more. Pornography is the best manifestation of the Capitalist-Socialist, Materialist ideology. It degrades one's moral foundation and makes them subservient to their primal instincts — it makes them an animal incapable of reason.

Obviously -- they're businessmen driven by the lust for profit. When has such a creature ever had ethics?

Yes, when you focus on items rather than people, ethics become merely a nuisance. Capitalism and Socialism both have this trait, thus are inherently immoral ideologies.