Rent-seeking: Difference between revisions

Rent-seeking (view source)

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	{{a\|devil\|}}[[Rent-seeking]] is ~~the Marxist (ooh! saucy!) term~~ when a fellow (a “[[rentier]]”) monopolises access to [[property]] (including, for modern readings, [[intellectual property]]) and ~~gouging~~ profits out of it.		{{a\|devil\|}}[[Rent-seeking]] is what happens when a fellow (a “[[rentier]]”) monopolises access to [[property]] (including, for modern readings, [[intellectual property]]) and takes profits out of it that arise purely because of that monopoly right (or barrier to entry).

	It comes in many guises:		It comes in many guises: