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Rent-seeking: Difference between revisions
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It comes in many guises: | It comes in many guises: | ||
*'''[[Physical property]]''': you know, ''literal'' rent-seeking | *'''[[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 tens of millions over 60 years from 15 minutes of work — in Richards’ case, while, on his own account, he was ''asleep'' — composing ''[[Satisfaction]]''. | *'''[[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 tens of millions over 60 years from [[15 minutes]] of work — in Richards’ case, while, on his own account, 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''. | *'''[[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?<ref>Irony alert.</ref> | *'''[[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?<ref>Irony alert.</ref> | ||