3 ms·
Creating something is literally the opposite of rent seeking.
by HDThoreaun 3y ago
Creating something is literally the opposite of rent seeking.
- izacus 3y agoEverybody creates. Just copyright conglomerates and writers think they deserve rent until death for a thing they created vs. a limited payment.
- hef19898 3y agoI know some small artists who think the same. And rightly so, because they earn their living that way. And obviously, those artists expect royalties as long as they have the rights, and as long as those rights are used by third parties.
- 4bpp 3y agoA landlord developer who builds and furnishes an apartment complex with the intent of collecting passive income on it for a long time also creates something, but that is close to a central example of rent seeking.
- ChadNauseam 3y agoJust because rent is involved doesn't make it what is normally referred to as "rent seeking", and I don't think your example would qualify by the traditional definition. From Google: > Rent seeking is an economic concept that occurs when an entity seeks to gain wealth without any reciprocal contribution of productivity. An example of rent seeking is when a company lobbies the government for grants, subsidies, or tariff protection.
- 4bpp 3y agoAh, I see. After looking it up some more, I'm also quite convinced that I misapprehended the definition. My bad.
- HDThoreaun 3y agoYou don’t understand what rent seeking is.
- llamaimperative 3y agoNo it quite literally is not.