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Can you call it value when it's fundamentally rent-seeking? This wasn't value created, it was value extracted.
by cpdean 3y ago
Can you call it value when it's fundamentally rent-seeking? This wasn't value created, it was value extracted.
- charles_f 3y agoIt was valuable for the person who extracted that rent, it will be less valuable. Therefore that value has disappeared from the market. At a societal level, rent payers will pay less, and shareholders will probably be delighted.