Re:An alternative cause for the Great Stagnation: the cargo ...
by KoftaBob on Friday February 02, 2024 @11:29AM
(#39230577)
"Rent-seeking is distinguished in theory from profit-seeking, in which entities seek to extract value by engaging in mutually beneficial transactions.[8] Profit-seeking in this sense is the creation of wealth, while rent-seeking is "profiteering" by using social institutions, such as the power of the state, to redistribute wealth among different groups without creating new wealth."
https://en.wikipedia.org/wiki/Rent-seeking