Rent-seeking: Difference between revisions
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Revision as of 11:17, 20 November 2019
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JC pontificates about technology
An occasional series.
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Rent-seeking is the Marxist (ooh! saucy!) term when a fellow (a “rentier”) monopolises access to property (including, for modern readings, intellectual property) and gouging profits out of it.
Rather than the fruits of your blood, toil, tears and sweat you use antediluvian[1] intellectual property rules to gouge everyone else.
Also known as software as a service.
See also
References
- ↑ Lawrence Lessig’s Code: Version 2.0 is a compulsory read.