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Cheatcode Capitalism. Seeking to increase one's share of existing wealth without creating new wealth is rent-seeking. Most examples are predicated on government manipulation. We need a new word for rent-seeking that doesn't involve government. What are some good examples?
- Frivolous litigation by an established company against a cash-poor innovator. - Buying your competition and then raising prices. - Selling "Cash-now" to unsophisticated people.
List of "lawful but evil" techniques to make money in business from @swardley, h/t @anbuteau
Sweat and dump is:
1. Buy a company
2. Give bonuses to employees for hitting short-term revenue targets
3. Engage in financial engineering
4. Show a "transformation"
5. Sell companypic.twitter.com/L9OjwHsorF
You might like this blog post from @swardley https://medium.com/@swardley/embedded-in-memory-b05b0e7c183f …
He calls this "Lawful Evil gameplay"
I did like it. What's the story with this series of articles from this author?
- Planned obsolescence - Non user serviceable products - Intentionally disabling or hindering legacy products
These are great. 1. All car companies 2. Apple comes to mind 3. Apple once again haha
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