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https://twitter.com/TwitterSupport/status/1682501248334061572
That sci-fi author is 52 "young" already, has spent like 25 years writing and active about the evolution of the Internet and how it impacts personal rights, so I'd give him the right to coin a new term for an old concept.
It doesn't prevent anyone from calling it:
...or whatever other set of words doesn't elicit a negative connotation in the business world at the particular moment in time.
Young-adult authors write books for young adults. The author's age is irrelevant (actually, the older they are, the creeper writing books for pre-teens becomes).
They are seeking to increase their wealth without providing additional productivity, or anything of value. That's rent seeking. Not a new concept, happening constantly around us, and nobody seems to want to call it what it is.