Re:Nobel economist takes aim at rent-seeking banking and hea...
by binarymax on Friday March 10, 2017 @01:36PM
(#13840863)
Per the sibling comments, here are some good examples of rent seeking.
From Wikipedia, a feudal lord puts a chain over a river and charges a toll to lower the chain. No value add, just money in the pocket of the lord.
And the contemporary version: an investment firm buys out the intellectual property of a medical delivery device. They charge additional royalties to the manufacturers of the device. No value added.
From Wikipedia, a feudal lord puts a chain over a river and charges a toll to lower the chain. No value add, just money in the pocket of the lord.
And the contemporary version: an investment firm buys out the intellectual property of a medical delivery device. They charge additional royalties to the manufacturers of the device. No value added.