this post was submitted on 27 Oct 2023
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Rent seeking. It's called rent seeking, and there is nothing new about it.
But rent seeking sounds too.... clean. It's almost an euphemism. Because in the end, the result is that for a whole lot of people, the experience of using the services goes to shit.
Edit: I just googled it and yeah, you're exactly right. Interesting!
I just like pointing out that it's nothing new.
It may not be a flashy term, but it has a lot of historical context and it's basically a defining feature of modern capitalism at this point.
Absolutely. I read a whole lot about it after I posted my previous comment. Rent seeking is definitely the right term.
Glad to hear it. Spread the word, it's a great term imo, and something more people need to be aware of.