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The rent is not flowing to myself. Universal education is the way to go. My dad fought in WW2. He got to go to college for free (mostly free) because of the
by yequalsx 10y ago
The rent is not flowing to myself. Universal education is the way to go. My dad fought in WW2. He got to go to college for free (mostly free) because of the GI Bill. Younger siblings didn't. They were poor. He ended up much better off than the younger siblings. It's called the greatest generation but the only reason I can see for th8s is because they had the greatest opportunities presented to them.
His professors weren't rent seekers and they got paid better than me. See it's possible to live in a system in which people make a reasonable wage without being rent seekers or others getting screwed. I'm using rent seeker in the pejorative sense that term denotes in colloquial speech. It's not a zero sum game. Society was better for the GI Bill. Even those who didn't directly use it. My uncles, while not being as well off as my dad, were better off overall. They got out of poverty as the economy got better.
We had a system in which college didn't put people in penury, didn't keep rents flowing to teachers, and was an overall benefit to dociety.
I grew up in Panama. During Noriega times were tough. People did things for far less than they normally would have. After all, the value of a glass of water to someone dying of thirst is far greater than it is to me in my present condition. There's a point where the race to the bottom becomes dehumanizing. There's more than maximizing/minimizing dollars. I feel sorry for people who can't see that. I've never met you personally but from posts I've seen of yours you appear to be a libertarian with a reverence to market forces. In a world of 7 billion people I think most libertarian ideas don't scale well.
I used slavery in the normal sense of the word. Think hard enough and you'll see that man in desperation can volunteer to be indentured but when the situation isn't so bleak he will try to leave. Of course his desire to increase his wages may lead to a violent response from the employer. Especially if the practice has become normative.
- yummyfajitas 10y agoOf course rent is flowing to you. You are capturing $rent = $your_salary - $market_salary. On many past occasions I've also captured rents; I've captured wages that are higher than they would be absent Trumpian forces that protected me from economic competition by folks born outside the US. Perhaps you think that rent is good, but that's a different statement. I'm sure that most Trump supporters also feel they deserve rents at the expense of Mexicans/those who might otherwise employ Mexicans. I'm not sure what "colloquial speech" you refer to or what you mean by "pejorative sense". As far as I know "rent seeker" is a technical term used primarily by economists to refer to people who take actions to seek/preserve their rent. If you feel it's pejorative, that's only because on some level you recognize that harming others for personal gain is not a good thing.
- yequalsx 10y agoClearly you are being deliberately obtuse. It is quite hard to believe you don't understand colloquial speech as it pertains to the phrase "rent seeking". You missed, entirely, the point I made. I can't imagine this is anything but deliberate on your part.
- Tycho 10y agoI'd never heard the term rent-seeking until I started reading HN and learned it was a term used by economists.