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I have to wonder about the health of the industry when rent-seeking becomes the norm. Rent-seeking stifles innovation and true growth, and is a sign of a degene
by malwarebytess 6y ago
I have to wonder about the health of the industry when rent-seeking becomes the norm. Rent-seeking stifles innovation and true growth, and is a sign of a degenerate system.
>The reforms of Diocletian and Constantine made all productive activity impossible. The reason is not that there were no more large fortunes, but the foundation of their build-up was now no longer creative energy, or the discovery and bring into use new sources of wealth, or the improvement and development of husbandry, industry and commerce. It was, on the contrary, the cunning exploitation of a privileged position used to despoil people.
https://medium.com/@guisebule/rise-of-the-rent-seeker-how-the-subscription-economy-hurts-startups-entrepreneurs-its-af48fe98e555 https://medium.com/@guisebule/rise-of-the-rent-seeker-how-th...