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Well yes, rent seeking is specifically profit from things that don’t create new wealth or contribute to economic productivity.
by tshaddox 1y ago
Well yes, rent seeking is specifically profit from things that don’t create new wealth or contribute to economic productivity.
- theamk 1y agoMost SaaS contribute to economic productivity though. I see the uptime of local services that our IT maintains, let's just say it's not good. By paying a monthly fee for Slack, we get a working communications system which much better uptime than what we could get from self-hosted. This is very specific contribution in economic productivity, as the company gets no work done when the communications system is down.