Rent-seeking

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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 intellectual property rules to gouge everyone else.

Also known as software as a service.

See also

• Reg tech