[barlines]

Economic Termite is a useful new term and I do hope it becomes more popular.

Some other examples that the author didn't cover:

Payment processors: VISA/ Mastercard have near monopoly over transaction fees

Digital Ads: Google & Facebook are the Economic Termites in that space.

Cloud Service Providers: The ET's here are AWS and Azure!

Text book publishers: Prices always ever go up as the publishers control the market tightly.

[immibis]

Americans will swear that Visa and Mastercard earn their transaction fees, but the EU simply mandated them much lower and they were suddenly much lower, and the cards still work here. You don't get rewards, but that's fine, because you're saving that money in fees.