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Rent. American businesses love extracting rent.
by inetknght 6y ago
Rent. American businesses love extracting rent.
- jeppesen-io 6y agoALL businesses do
- Gibbon1 6y agoIn the US Jevons paradox is in play with debt and rents. Baumol's cost disease also means debt and rents are slowly snuffing out other types of economic activity.
- inetknght 6y agoYou've got a bunch of buzzwords to describe why telcos in America fleece customers. Make it simpler for the rest of us, would you? Rent isn't a good thing here.
- Gibbon1 6y agoIt's exceeding obvious, capital is cheap. The means the finance industry uses more of it. They use it for rent seeking shenanigans that wouldn't make a return if it were higher priced. The problem is increased rent extraction reduces the return on economic activities that require real investment. Because the cost of labor and rents are too high to compete with aforementioned shenanigans. Simple simple simple.
- cscurmudgeon 6y agoSalaries are much higher in the US. Don’t reduce complex economics to simplistic sound bites. Look up PPP.
- cscurmudgeon 6y agoDownvoted without any argument for a valid counterpoint. This site is going downhill with low information posts.