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Renting =/= rents(in the economic sense). Renting cloud VPS is not rent-seeking(in the economic sense). Two completely different concepts which unfortunately b

• collyw 7y ago
  Ok, if you are going to claim a distinction, I think its fair to ask where the distinction lies. Whats so good about renting cloud infrastructure from renting an apartment? (Apartments don't com with the same level of vendor lock in.)
  • yakz 7y ago
    Cloud VPS is a management service and not a hardware leasing service.
    • collyw 7y ago
      why is it charged by the size of machine then? Does a bigger machine require more management?
      • phs318u 7y ago
        True. But supply is limited so there has to be a mechanism to ration what exists to what is desired. The ability to pay is a reasonable proxy for need.
  • boomboomsubban 7y ago
    Running a cloud infrastructure takes work, and the profits should be made from the service provided and not off the monopolization of some property.
    • collyw 7y ago
      So does building and maintaining an apartment.
      • boomboomsubban 7y ago
        The article discusses rentier, which is pretty much the rent seeking discussed here. Renting an apartment isn't profiting off the monopolization of property either.
  • cortesoft 7y ago
    So rent seeking is only slightly related to actual rent (like for an apartment or office). It is the idea of extracting value from something without providing anything. A landlord who does no work maintaining an apartment but charges rent would qualify, but a good landlord who works to improve and maintain the property to rent would not. https://en.wikipedia.org/wiki/Rent-seeking https://en.wikipedia.org/wiki/Rent-seeking