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“Rent-seeking” does not mean “collects rent”. It’s a specific term that describes someone who inserts themselves into economic transactions without providing v
by coredog64 6y ago
“Rent-seeking” does not mean “collects rent”. It’s a specific term that describes someone who inserts themselves into economic transactions without providing value.
The classic example is someone who puts a chain across a path and then charges to move the chain out of the way.
WRT landlords, you can still describe some of their behavior as “rent-seeking” if they are perpetuating a social or political environment where they get greater returns for doing nothing (e.g. NIMBY/BANANA)