Rent-seeking

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The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™


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A Marxist (ooh! saucy!) term for the practice of monopolising of 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[1] intellectual property rules to gouge everyone else.


References

  1. Lawrence Lessig’s Code: Version 2.0 is a compuslory read.