What is "rent-seeking"?

[ExtraSlow]

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?

[killramos]

@Buster is warming up his keyboard

[TomcoPDR]

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

[max_boost]

Politicians have replaced gangsters in executing this

[suntan]

- No internet.

- Posts on beyond.



It's a form of arbitrage essentially.

[Buster]

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@Buster is warming up his keyboard

bahaha.

I have to go to a lunch

[Buster]

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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.

[ExtraSlow]

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- No internet.

- Posts on beyond.

I'm playing 5d chess.

[Tik-Tok]

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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.

[Buster]

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Also having the city to repair the road instead of using your profit.

Yes!

[suntan]

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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.

[Masked Bandit]

Can someone give us a real world example of this happening?

[Buster]

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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.

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Can someone give us a real world example of this happening?

quebec voters, for that matter. lol

[suntan]

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.

[dirtsniffer]

Dairy cartel

[Xtrema]

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dairy cartel

fpaq

[Buster]

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Dairy cartel

Oh god this

[Xtrema]

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Oh god this

Don't recall the logistics but was surprised Harper went after the CWB but not the CDC.

[killramos]

Oh man the wheat board

[JRSC00LUDE]

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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.

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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).