LegalHub: theory: Difference between revisions

'''''[[Rent-seeking]]''''' in that no [[reg tech]] provider has figured out a business model for how to be suitably paid, other than by extracting [[rent]]. This they commonly do by reference to the ''value'' their product provides, which they equate to the ''total cost of labour and infrastructure it saves''.  

Historians, and lovers of crushing irony, will note the resemblance of this notion to the [[labour theory of value]] — that the economic value of a service is equals the total amount of labour required to produce it — or in this case, that you would have to hire to produce it ''without this new piece of kit''. Why “ironic”? Because it is odd to hear a bedrock intellectual foundation of ''Marxism'' babbling from the mouths of small-time [[rentier capitalist]]s, that’s why.

Cynics might wonder how these [[reg tech]] [[thought leader]]s  can ''know'' how much money their technology will save, and how much time they have spent calculating the indirect costs of its implementation.

Should we be so fixated on cutting the wage bill of a handful of school-leavers in Sarajevo, that we will pay a guy in Old Street for code he bought from some school-leavers in Bucharest, if the price is that he can intermediate our process for the hereafter, adding nothing but the cheerful chime of a clipped ticket each time his machine spits out another document, or even just while our documents collect dust on his server (this is called “hosting”)?