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Proprietary rent seekers injecting themselves into paying for services so they can creme 5-20% off the top of all the money movement. Its basically the same th
by zanny 6y ago
Proprietary rent seekers injecting themselves into paying for services so they can creme 5-20% off the top of all the money movement.
Its basically the same thing credit cards do, but are more egregious because they also try to platform the creators. So you integrate them into one proprietary space you wholly control and can thus dominate industries by managing the purse.
Its what almost every successful business nowadays does. Capture an audience and then shake down whatever they are coming to your platform for while holding the market ransom. Facebook and Google do this with advertisers, app / game stores with their 30% cuts, etc.