> Most big global brands are getting into rent seeking because the technology allows it, even company's like GE aka General Electric have diversified from makin

> Most big global brands are getting into rent seeking because the technology allows it, even company's like GE aka General Electric have diversified from making light bulbs to making money from finance activities ... That's factually wrong. While Finance was a big part of GE in the early 2000s it all pretty much unraveled after the financial crisis[1]. Money quote : "GE Capital is the financial services division of General Electric.[1] The company currently only runs one division, GE Energy Financial Services; it had provided additional services in the past; however, those units were sold between 2013 and 2018." [1] https://en.wikipedia.org/wiki/GE_Capital https://en.wikipedia.org/wiki/GE_Capital