And the fact you don't acknowledge that rent seeking has led to horrors such as the gig economy and the DCMA really shows your ignorance.
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Replying to @ladyattis
Lol the *whole concept* of the "gig economy" was to attack "rent-seekers", that's their whole ideological selling point What Paul Graham called "liberating potential energy" Uber busting up the old taxicab medallion "cartel", Airbnb busting up the hotel industry's "oligopoly"
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Replying to @arthur_affect
While acting as a middle man that EXTRACTS value from the labor of the drivers themselves. But please continue to lie about the impact of Uber on labor rights (i.e. they keep calling their drivers contractors and fight all unionization).
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Replying to @ladyattis
Right, Uber is anti-union because they're ideologically opposed to "rent seekers", their whole deal is pushing for low low prices for the consumer by any means necessary
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Replying to @arthur_affect
Survey says... *bzzzzt* Sorry, that's the wrong answer. You keep trying to confuse the issue. Labor cannot rent seek what it is INHERENTLY OWED. You write a book or invent a gadget, you have the book and the gadget. Me making a copy isn't the same as stealing either.
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Replying to @ladyattis
Yeah nobody has a magic "labor theory of value-o-meter" they can wave over a good or service to determine what the objective amount you're owed is Labor unions operate on the principle that you get what you're able and willing to fight for
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Replying to @arthur_affect
And yet you keep saying their actions are equivalent to that of the capitalists who lord over them. That's my big problem with your declaration. You keep trying to dilute the meaning of a term like rent-seeking to include justified actions.
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Replying to @ladyattis
No, I said I think rent-seeking is good, it just depends on who's doing it to whom It's generally good when consumer prices go up if it means wages also go up
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Replying to @arthur_affect
They're not the ones rent-seeking. Reclaiming lost earnings of your labor isn't the same as a slumlord jacking up the rents or some patent troll suing random companies until they get a judge that agrees with them.
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Replying to @ladyattis
Okay, see, Ricardo's concept of "rent-seeking" had no component of moral desert into it and the whole classical econ framework he was working in was based on ignoring that as a factor completely (hence "the dismal science")
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The actual definition of "rent" as he understood it is if someone who buys something is "paying more than I could be paying"
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