4 ms·
You aren't using the term 'rent seeking' correctly. Rent seeking is manipulating government policy to extract profit, in the absence of any actual benefit. For
by zeroonetwothree 4y ago
You aren't using the term 'rent seeking' correctly. Rent seeking is manipulating government policy to extract profit, in the absence of any actual benefit. For example, paying lobbyists to convince the government to give your industry a subsidy. Rent seeking doesn't mean 'capturing profit', that's just normal economic activity.
- bugbuddy 4y agoSo you mean everything that was in the “Inflation “Reduction” Act”