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Thread: What is "rent-seeking"?

  1. #1
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    Default What is "rent-seeking"?

    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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    @Buster is warming up his keyboard
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
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    guessing who I might be, psychologizing me with your non existent degree.

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    What it’s 2021, y’all don’t have heated keyboards

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    Politicians have replaced gangsters in executing this
    Conversations like this can be intense.

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    - No internet.

    - Posts on beyond.

    confused-math.gif

    It's a form of arbitrage essentially.

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    Quote Originally Posted by killramos View Post
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    @Buster is warming up his keyboard
    bahaha.

    I have to go to a lunch

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    Quote Originally Posted by ExtraSlow View Post
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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?
    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.

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    Quote Originally Posted by suntan View Post
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    - No internet.

    - Posts on beyond.
    I'm playing 5d chess.

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    Quote Originally Posted by Buster View Post
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    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.
    Also having the city to repair the road instead of using your profit.
    Quote Originally Posted by killramos View Post
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    The AHS system is quite good.

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    Quote Originally Posted by Tik-Tok View Post
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    Also having the city to repair the road instead of using your profit.
    Yes!

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    Quote Originally Posted by Tik-Tok View Post
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    Also having the city to repair the road instead of using your profit.
    Collect taxes.
    50% of taxes are used for "essential services".
    Other 50% of taxes are used to enrich oneself and ones' friends.

    The latter is rent seeking.

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    Can someone give us a real world example of this happening?
    "Masked Bandit is a gateway drug for frugal spending." - Unknown303

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    Quote Originally Posted by Masked Bandit View Post
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    Can someone give us a real world example of this happening?
    Canadian banks and telecoms using government enforced ownership regulations to ensure competition remains low and they can anally gap their customers.

    - - - Updated - - -

    Quote Originally Posted by Masked Bandit View Post
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    Can someone give us a real world example of this happening?
    quebec voters, for that matter. lol

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    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.

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    Dairy cartel

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    Quote Originally Posted by dirtsniffer View Post
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    dairy cartel
    fpaq

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    Quote Originally Posted by dirtsniffer View Post
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    Dairy cartel
    Oh god this

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    Quote Originally Posted by Buster View Post
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    Oh god this
    Don't recall the logistics but was surprised Harper went after the CWB but not the CDC.

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    Oh man the wheat board
    Originally posted by Thales of Miletus

    If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
    Originally posted by Toma
    fact.
    Quote Originally Posted by Yolobimmer View Post
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    guessing who I might be, psychologizing me with your non existent degree.

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    Quote Originally Posted by Buster View Post
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    Canadian banks and telecoms using government enforced ownership regulations to ensure competition remains low and they can anally gap their customers.

    - - - Updated - - -



    quebec voters, for that matter. lol
    But if not for this, I feel like my worst performing cdn bank portfolio piece would not be such a robust 35 percent (thank you Covid).
    Originally posted by SJW
    Once again another useless post by JRSCOOLDUDE.
    Originally posted by snowcat
    Don't let the e-thugs and faggots get to you when they quote your posts and write stupid shit.
    Originally posted by JRSC00LUDE
    I say stupid shit all the time.

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