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Third, data-opolies can extract wealth from sellers upstream.
Debt is how the rich extract wealth from the rest of us, at home and abroad".
Bureaucracy is a system "whose ultimate purpose is to extract wealth in the form of profits".
Data-opolies can extract wealth by getting creative content from users for free.
It arises because our economic system can no longer extract wealth from other nations.
First, data-opolies can extract wealth by getting personal data without having to pay for the data's fair market value.
Similar(33)
Wall Street is more interested in extracting wealth than creating it.
Again and again, the feudal lord is seen extracting wealth from his landholdings.
This isn't about creating wealth, but about one group of people extracting wealth from another group.
Where plantations did not develop, the colonial state found a means of extracting wealth from free peasants.
There is a large literature on how entrenched managers can benefit themselves by extracting wealth from other shareholders, but conclusive evidence that managers seek entrenchment is currently lacking.
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CEO of Professional Science Editing for Scientists @ prosciediting.com