This is not correct.

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I said ‘if’

Code is speech, but speech can be subject to copyright which is what copyright is: the right to own specific words and to control the monetization of those words.

In other words, a monopoly.

Not exactly, but yes. I'm on the fence about whether I think copyright or trademark should exist, but ya it can lead to monopoly which is the point of government- to establish monopolies because the government is the mafia.