So you bought "a thing' but you can't control what it does, how it does it, you don't get to decide what data it collects or who can see that data.

You aren't allowed to repair the "thing' because the software can detect you changed something and will refuse to boot. And whenever it suits the manufacturer, they will decide when the 'thing' is declared out of support and stops functioning.

I would say you are not an owner then, you (and me) and just suckers that are paying for the party. Maybe it's a lease. But then we also pay when it breaks, so it more of a digital feudalism.