▲ | coredog64 4 days ago | |||||||
This is not rent-seeking: Rent-seeking is leveraging your position to garner economic rents, like putting a toll gate across a highway in which the only value received for the toll is the opening of the gate. Rent-seeking would be Broadcom saying that you must run a Bitnami image in CloudFoundry or pay a penalty for not doing so. They are in fact doing some work here. We may disagree on whether or not they're being compensated fairly for that work, but that disagreement doesn't turn this into "rent-seeking" | ||||||||
▲ | asmor 4 days ago | parent | next [-] | |||||||
The penalty is the work of migrating away and redoing any integration work on a month's notice. That might seem trivial to a small deployment, but I know some people that use these images everywhere, including in places that aren't immediately obvious. | ||||||||
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▲ | pas 3 days ago | parent | prev [-] | |||||||
People got used to using a highway that was free. They started doing business moving freight there, or taking jobs and commuting on that nice fast convenient road, and ... now suddenly there's a gate. Note, the work gets done anyway. The highway is still there. (And marginal cost of more people using it is ... low.) That said, it's a matter of definition. Usually rent-seeking refers to manipulating public rules, public spending, etc. Here that seems close to impossible. (Broadcom exploit their vendor lock-in business position as much as they want, it's a purely private arrangement, no one is and no one was forced to start using Broadcom's shit.) ... That said 2.0, rent in "rent-seeking" refers to a part of income (based on Adam Smith's division of income into profit, wage, and economic rent). Where economic rent is payment gained that's not justified by natural costs and market forces. (Of course, good luck coming up with a reliable model for this.) ... However, here it seems we do know how to come up with the right numbers for profit and rent. Profit was what they were earning before and now ... any extra income is rent that they get by putting the gate down on the free lanes. (And, of course, as people will migrate away we'll see this rent decrease, likely substantially.) |