British tech: the parasitic sector
Britain’s $1.2 (2025) trillion tech sector isn’t an industrial powerhouse. It’s a rentier engine. Focused on FinTech, AI, and SaaS / cloud services, its core product is intellectual property: patents, licenses, and proprietary software. This model employs millions of workers but generates value through legal ownership and extraction, not mass production. It’s the perfect capitalist tool for a […]
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