Rent-seeking

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Rent-seeking is the Marxist (ooh! saucy!) term when a fellow (a “rentier”) monopolises access to property (notably including, for modern readings, intellectual) and gouging profits out of it. Rather than the fruits of your blood, toil, tears and sweat you use the no-longer-fit-for-purpose intellectual property rules to gouge everyone else.

Also known as software as a service.

See also

• Reg tech