ARM founder says Softbank deal is 'sad day' for UK tech

Re:ARM founder says Softbank deal is 'sad day' for UK tech by roel_v on Tuesday July 19, 2016 @07:42AM (#12121134)

So if I have, say, a machine that makes t-shirt more cost-effectively than my competitors, your claim is that I'm 'rent-seeking'? Do you think that because it's not innovative, or because I'm the only one with such a machine?

(This is a trick question. Before you answer, please make sure you actually know what 'rent-seeking' means, because it's obvious that most other commenters don't.)

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Re:ARM founder says Softbank deal is 'sad day' for UK tech by pjc50 on Tuesday July 19, 2016 @11:10AM (#12122201)

"Rent-seeking involves seeking to increase one's share of existing wealth without creating new wealth" - WP.

The more efficient T-shirt machine produces more with less, therefore the overall resources available go up. Not rent-seeking.

Having a patent on the machine, and/or attempting to sabotage the creation of similar machines? Rent-seeking.

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