4 ms·

rent-seeking is too seductive to the capitalist

• adventured 8y ago
  Overly aggressive rent-seeking presents an opportunity to other capitalists. Throughout industrial history fat margins and egregious royalties are frequently sweet targets for disruption. Every day, Spotify goes to work looking for a way to route around or limit the obnoxious music cartel. They'll never stop pursuing that. Just as Netflix did before them with the movie industry cartel. The old movie industry ended up creating its biggest competitive nightmare.