3 ms·
"Rent seeking" has an existing meaning that has little overlap with general enshitification. To be a "rent seeking" business is to be a business that is depend
by anonym29 3y ago
"Rent seeking" has an existing meaning that has little overlap with general enshitification.
To be a "rent seeking" business is to be a business that is dependent on handouts made from the government with the taxpayers' money, with a business model that is otherwise less competitive, or uncompetitive altogether.
For example, see: every single business operated by Elon Musk post-Paypal.
- anigbrowl 3y agoThat's a misunderstanding on your part. https://en.wikipedia.org/wiki/Economic_rent https://en.wikipedia.org/wiki/Economic_rent