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Per the sibling comments, here are some good examples of rent seeking. From Wikipedia, a feudal lord puts a chain over a river and charges a toll to lower the
by binarymax 10y ago
Per the sibling comments, here are some good examples of rent seeking.
From Wikipedia, a feudal lord puts a chain over a river and charges a toll to lower the chain. No value add, just money in the pocket of the lord.
And the contemporary version: an investment firm buys out the intellectual property of a medical delivery device. They charge additional royalties to the manufacturers of the device. No value added.