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> That's exactly the opposite of rent seeking. Untrue. They aren't monopoly rents but they are rents. Can you get better performance from your Mercedes EV th
by r00fus 4y ago
> That's exactly the opposite of rent seeking.
Untrue. They aren't monopoly rents but they are rents. Can you get better performance from your Mercedes EV through another provider? No? It's rent.
- ajross 4y ago> Can you get better performance from your Mercedes EV through another provider? No? No, but you can sell it and buy a Tesla. Having more features is just "selling a better product". By that standard any optional feature on a market-leading product is "rent-seeking", and that's silly. Is the App Store rent seeking? Is selling junk on Fortnite rent seeking? No, that's just "selling products". Rent seeking is a specific form of market distortion, and the concept just doesn't apply to consumer products. It's about stuff like real estate control or regulatory capture. As always Wikipedia has a great page: https://en.wikipedia.org/wiki/Rent-seeking https://en.wikipedia.org/wiki/Rent-seeking
- owisd 4y agoFor optional features it’s rent seeking if they’re charging much higher margins for the optional extras than for the base product.
- sleepybrett 4y agoTesla does the same fucking thing.
- r00fus 4y agoOne of the reasons I didn't buy a Tesla. Though to be clear with Tesla it's not a never-ending sub, it's a flat fee and transferrable.