I don't have internet, so I have to rely on beyond, but I first heard this expression on beyond anyway, so it's all fair.
"rent-seeking" seems to be some kind of political insult, what does it mean?
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I don't have internet, so I have to rely on beyond, but I first heard this expression on beyond anyway, so it's all fair.
"rent-seeking" seems to be some kind of political insult, what does it mean?
@Buster is warming up his keyboard
What it’s 2021, y’all don’t have heated keyboards
Politicians have replaced gangsters in executing this
- No internet.
- Posts on beyond.
Attachment 102943
It's a form of arbitrage essentially.
Short answer: when you try to make money without the downside of risk or needing to be productive.
But expect an essay incoming later today.
Picture if you were allowed to set up a toll on your street, and charge $5 to every person that drove on it. Then you flipped a buck a toll to mayoral candidates to ensure that when they get in power, they legitimize your toll booth.
Voila! Rent-seeking.
It's the reason that increasing gov't power past specific areas and at a low level increases wealth inequality, rather than decreasing it.
Can someone give us a real world example of this happening?
OMG imagine how clogged the tubes would be if Trudeau didn't regulate telecoms!
Canadian airlines are another one.
And Bombadier. Amazing how a single fucking company benefits so much.
Dairy cartel
Oh man the wheat board :rofl: