A reason rent-seeking is so hard to get rid of: the rents get priced into the system so ending them screws ppl over https://www.facebook.com/blume.mike/posts/10104402247672231 …pic.twitter.com/LUF7YBHXCg
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(1) Julia is right that this makes it systemically harder to correct & (2) the distortions make it harder to tell what counts as correction.
Neither of these contradict your evaluation that it's a bullshit reason, it's just that recognizing it as bullshit doesn't help much.
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