2 ms·
Almost identical to the financialization that's been going on with Wall Street.
by msrpotus 14y ago
Almost identical to the financialization that's been going on with Wall Street.
- dredmorbius 14y agoUsually termed "rent-seeking". I'll have to think a bit on whether / how this is related to Dutch disease. Off the top of my head, though, DD is exploiting a resource to create, but concentrate, wealth. RS is exploiting a market anomaly or manipulation to create a self-directed wealth stream, though often or usually decreasing overall societal wealth in the process. DD is economically beneficial activity with an inequitable distribution of gains. RS is economically harmful activity with an inequitable distribution of gains. https://en.wikipedia.org/wiki/Rent_seeking https://en.wikipedia.org/wiki/Rent_seeking