Well the argument is that the status quo is bad for all but a select few, so moving past it would be beneficial for basically nearly everybody. Rent seeking li

Well the argument is that the status quo is bad for all but a select few, so moving past it would be beneficial for basically nearly everybody. Rent seeking limits innovation, needlessly drives up costs, creates barriers where there shouldn't be any, encourages predatory economic behaviors, suppresses competition, and ultimately leads to monopolistic and or oligopolic wealth and power structures. It's universally bad practice that results in bad outcomes for society and we should move away from enabling and indeed incentivizing that kind of economic behavior.