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We have seen much discussion about rent-seeking behaviour. Be it patent troll, lobbying, the actual renting in housing market or whatever. But what are the pot
by a_c 9y ago
We have seen much discussion about rent-seeking behaviour. Be it patent troll, lobbying, the actual renting in housing market or whatever.
But what are the potential remedies? The article "tragedy of the commons" in wiki mentioned privatization or regulation as potentials solution to "tragedy of the commons". While I am not trying to equate the two terms, I think the solution to rent seeking behaviour deservers more discussion
- panic 9y agoCheck out the "non-governmental solutions" section of that article. If you can manage to form a community around a common resource, you can establish rules and procedures to govern its use. This kind of solution won't work for all shared resources, but it's at least worth considering: the people using the resource usually know better how to manage it than a centralized government body, and these communities can think longer-term than a market which tends toward short-term exploitation.