Re:Dear Google Cloud: Your Deprecation Policy Is Killing You
by perl4ever on Saturday August 15, 2020 @01:24PM
(#24170509)
How is this rent seeking and not just profit seeking?
Re:Dear Google Cloud: Your Deprecation Policy Is Killing You
by CamperBob2 on Saturday August 15, 2020 @04:50PM
(#24172281)
In real estate, the value of a property is often tied to the value of the rental income it could bring in, even if it's never been offered for rent.
'Rent seeking' doesn't refer to the same kind of 'rent', of course, but I think the analogy holds up pretty well. All Google has to do is turn a few screws, and the rest of us will have no choice but to sing whatever tune they call.
Re:Dear Google Cloud: Your Deprecation Policy Is Killing You
by manigandham on Monday August 17, 2020 @07:33AM
(#24186213)
Because they can raise the rents anytime and everyone else just has to pay. See Google Maps pricing fiasco for a rather public example.
Re:Dear Google Cloud: Your Deprecation Policy Is Killing You
by dragonwriter on Saturday August 15, 2020 @02:19PM
(#24171014)
Profit-seeking with market power is rent-seeking.
Re:Dear Google Cloud: Your Deprecation Policy Is Killing You
by perl4ever on Saturday August 15, 2020 @08:54PM
(#24173821)
I think it's very destructive of meaningful discussion to redefine a term of jargon in order to exploit the stigma of the original definition while talking about something else.
Re:Dear Google Cloud: Your Deprecation Policy Is Killing You
by dragonwriter on Sunday August 16, 2020 @06:19AM
(#24176646)
No, if you have market/pricing (empirical monopoly) power, profit-maximizing behavior is inherently rent-seeking by the standard definition.
They have almost complete monopoly on online search, web ads, online video, on phone OS, on browsers. And they are not afraid to abuse those to get more, and are getting away with this.
You don't need to do anything right when you rent-seek most of the online world.