Interesting definition of monopoly

Then they can process data into intelligence, which can be packaged and sold to third parties for large profits, akin to monopoly rents.

Selling intelligence is akin to a monopoly?

Another key rule these corporations are seeking would allow digital services corporations to operate and profit within a country without having to maintain any type of physical or legal presence. But if a financial services firm goes bankrupt, how can depositors seek redress? If a worker (or contractor) for the company’s rights are violated, or a consumer is defrauded, how can they get justice? And if the company does not have a domestic presence, how can it be properly taxed, so that it is on a level playing field with domestic businesses? Most countries require foreign services suppliers to maintain a commercial, physical presence in the country to operate for just these reasons

Well, no, no they don’t.

11 thoughts on “Interesting definition of monopoly”

  1. I think its in the sense that the people who do this are obviously very clever, and can make lots of money with their intelligence, and the author can’t (being dim) and thats an unfair monopoly of intelligence. She’s demanding that clever people be prevented from exploiting their intelligence as its unfair on the thickos………….

  2. ‘physical presence in the country to operate for just these reasons’

    “Um’kay, Gamecock, we’re sending you to Britain so that if something goes wrong, they’ll have you to imprison.”

    “Wait . . . what?”

  3. The Left are busy redefining the word ‘monopoly’, it seems. Murphy is particularly fond of mangling the phrase “natural monopoly”.

    One day there will be barely a handful of words which actually mean anything.

  4. It’s just standard distance buying. When I bought my Kenkyusha Dictionary I clearly understood that they were a Japanese company registered in Japan with their physical and legal base in Japan and taxed in Japan, with zero expectation of them having any physical or legal representation in the UK. Exactly the same with absolutely any other imported goods.

  5. you sure this wasn’t written by the potato ? – or is the lack of the words “rent seeking” the giveaway?

  6. It’s time for members and citizens to resist the Big Tech agenda

    I can’t read “citizens” in this sort of context without thinking of Dave Spart. It’s a dead giveaway.

    On a similar note, anyone over the age of say 40 who doesn’t find “People’s” tasteless as a description is probably some sort of fascist.

  7. Bloke in Costa Rica

    Terry Pratchett used to draw a distinction between People and people and noted that those who professed to be in favour of the former seldom had much time for the latter.

  8. Vimes had spent his life on the streets, and had met decent men and fools and people who’d steal a penny from a blind beggar and people who performed silent miracles or desperate crimes every day behind the grubby windows of little houses, but he’d never met The People.

    People on the side of The People always ended up disappointed, in any case. They found that The People tended not to be grateful or appreciative or forward-thinking or obedient. The People tended to be small-minded and conservative and not very clever and were even distrustful of cleverness. And so the children of the revolution were faced with the age-old problem: it wasn’t that you had the wrong kind of government, which was obvious, but that you had the wrong kind of people.

    -Sir Pterry, Night Watch

  9. JIm,–

    Yes,–I’d be one of the richest around if I could could get just a little bit off’n most of those who are smarter than I.

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