4 ms·
The elimination of the rent-seeking corporations is the better answer.
by mbetter 14y ago
The elimination of the rent-seeking corporations is the better answer.
- dmix 14y agoCorporations wouldn't be able to seek rent from the government, if the government wasn't offering it. Anti-trust laws should be thoroughly enforced if rent-seeking is seemingly required to save the economy.
- 001sky 14y agoAnti-trust laws... --Not the solution. The problem is this: http://en.wikipedia.org/wiki/Principal%E2%80%93agent_problem http://en.wikipedia.org/wiki/Principal%E2%80%93agent_problem
- pdonis 14y agoAnd you would do this how? You can't eliminate corporations altogether. Corporations don't magically come into existence as a result of evil forces. People create them in order to get something done. Sometimes the something is good, sometimes it's not. Y Combinator is a corporation. You also can't eliminate the human desire to rent-seek. You can constrain it, but you can't eliminate it. And it's there just as much in a government as it is in a corporation.