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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Replying to @Molson_Hart
- Planned obsolescence - Non user serviceable products - Intentionally disabling or hindering legacy products
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Replying to @DinoDrift
These are great. 1. All car companies 2. Apple comes to mind 3. Apple once again haha
4:37 PM - 7 Oct 2019
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