| ▲ | borski 2 hours ago | |||||||
> In fact, to make money, you have to play a positive-sum game and bring value to others. That is simply untrue; the opposite is the literal definition of rent-seeking behavior, which produces gobs of money, but provides no (or very little, at best) new value to others. | ||||||||
| ▲ | kindkang2024 an hour ago | parent [-] | |||||||
> That is simply untrue; Fair point — updated to "most of the time." > the opposite is the literal definition of rent-seeking behavior, which produces gobs of money, but provides no (or very little, at best) new value to others. Rent-seeking is real, and you're right that it can be very profitable — while creating very little value for others. But even so, it remains the best available option when nobody else steps up to offer something better in free markets. There are always two sides to any deal — the deal maker and the taker. The more competition on the maker side, the more value the taker can get. And the more takers demand real value, the less room rent-seeking behavior has to survive. | ||||||||
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