seems most likely to apply to orgs not afflicted by market discipline maybe?https://twitter.com/drethelin/status/1036972653209255936 …
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Replying to @eigenrobot
Where I live, farmers lobby for and get subsidies precisely because people think they're affected too much by market discipline.
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Replying to @AnActualMabel
masquerobot Retweeted masquerobot
yeah rent seeking rules errything around me :(https://twitter.com/eigenrobot/status/1037049659347349506 …
masquerobot added,
masquerobot @eigenrobot
Replying to @davidmanheim @The_Lagrangian @drethelin
imagine "market discipline" might have lots of minor helpful effects, but the main one I had in mind is that firms usually need to provide a desirable good in order to generate revenue
Guess the obvious retort contains the phrase "rent seeking" which maybe is what this is about
7:14 PM - 4 Sep 2018
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