It's weird to me that lovers of capitalism are quick to distinguish "value-creation" from "mere rent-seeking," but slow to acknowledge the difference between exploitative & non-exploitative transactions--conceptually those distinctions rest on the same ground.
Wait wait wait. You figured out exactly what “rent-seeking” means? Have you written this up anywhere? (I’ve been trying for years to do that.)
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"Rent seeking (or rent-seeking) is an economic concept that occurs when an entity seeks to gain added wealth without any reciprocal contribution of productivity."
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Might describe a lot of philosophy departments and academics. Rent-seeking involves the use of the state to create a forced transaction between parties. Asymmetrical transactions are always suspect and can result in many solutions from fiduciary duties to unconscionability.
End of conversation
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