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Rent seeking is NOT the same as renting, otherwise we would not need a new word for it. Rent seeking is particularly abusing the ownership position or power to
by franciscop 2y ago
Rent seeking is NOT the same as renting, otherwise we would not need a new word for it. Rent seeking is particularly abusing the ownership position or power to obtain rent, not just rent:
> "Rent seeking: the fact or practice of manipulating public policy or economic conditions as a strategy for increasing profits."
- mcnichol 2y agoOwning 900 domains hoping for them to be rented is "rent-seeking" A simple test: Would all of FolioHD's domains being rented benefit their business or not? They are subsidizing the cost of buying those 900 domains into their overall pricing as a line item. Now the registrar is trying to push out squatters. Sounds like the housing and renting markets. Insert surprise Pikachu face.