Rent-seeking: Difference between revisions

*[[Physical property]] — you know, ''literal'' rent-seeking

*[[Intellectual property]] — Rather than using the fruits of your blood, toil, tears and sweat you use antediluvian<ref>{{author|Lawrence Lessig}}’s {{Br|Code: Version 2.0}} is a compulsory read.</ref> [[intellectual property]] rules to gouge everyone else. In this way Mick Jagger and Keith Richards can extract millions over 60 years from 15 minutes of work — in Richards’ case, while he was asleep — composing ''[[Satisfaction]]''.

*[[Franchising]]: Taking an idea or a business model someone else has invented — McDonald’s is the best example — and paying them a franchise fee to operate it. Here is ''double'' rent-seeking: the franchisee pays the franchisor, and the customer pays the ''franchisee''.

*[[Software as a service]]: The simple answer to the question [[why is reg tech so disappointing?]] — is that tech businesses can’t make money if all they get paid for is writing software. This would be like Mick Jagger only getting paid for fifteen minutes’ work — where is the logic, or the justice in that?