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> There's a reason it's called "rent seeking". Because it's convenient terminology, not because it's exactly on point. When a company (or individual) leases/r
by rootusrootus 4y ago
> There's a reason it's called "rent seeking".
Because it's convenient terminology, not because it's exactly on point. When a company (or individual) leases/rents, they are definitely getting some value in return. Owning has both upsides and downsides.
- bombcar 4y agoOf course - that's the "rent" part, the seeking is when the rents increase to consume all available headroom (and this is very noticeable when it begins to occur). The simplistic "all landlords are of the devil and must burn" is about as useful as "nobody should own property" - perhaps a nice dream but they don't really help advance the discussion or solve the very real problems that exist.