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?
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- Frivolous litigation by an established company against a cash-poor innovator. - Buying your competition and then raising prices. - Selling "Cash-now" to unsophisticated people.
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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
7:36 AM - 7 Oct 2019
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