This @laure_khoury is a clueless journo.
The problem in Lebanon is RENT SEEKING & corruption, w/STATE Ponzi crowding out business, not concentration of wealth which mostly comes from overseas (except for a few) not locally extracted.
The 1-58 is an extension of the Pareto 80/20.https://twitter.com/laure_khoury/status/1185126425239654400 …
-
-
5) RENT-SEEKING Let me repeat: the "rent seeker" is someone who tries to use the state via contacts and regulations to extract income without risk (say a crony), nothing to do with the "rentier". Anyone conflating the two will be blocked.pic.twitter.com/tqKXJFgGyX
Prikaži ovu nitHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi
-
-
-
The rent-seekers justify their actions through the idea of risk. They believe, since 14th Century, they deserve to get the rent as they sacrifice their consumption & lend their money at a risk. Even Adam Smith did not believe their justifications.
-
Didn't I fucking explain that the "rentier" is NOT the rent seeker?
- Još 1 odgovor
Novi razgovor -
-
-
Interesting share. I think your distribution is misleading. The world has never made it equally as easy to obtain wealth and retain virtue. Most of the "good guys" aren't rich. Sorry for the bad news.
-
Sorry I block idiots.
Kraj razgovora
Novi razgovor -
-
-
Wrong definition of rent seekers. Here it means a nonrisktaker with a government/semi-gov job milking the system
Prikaži ovu nitHvala. Twitter će to iskoristiti za poboljšanje vaše vremenske crte. PoništiPoništi
-
-
-
Great concept, but we need to come up with a better term than “rent-seekers.” People think of landlords & completely misunderstand the point. People taking legitimate risk and creating legitimate value with their land/capital are not “rent-seekers”.
-
Tweet je nedostupan.
Novi razgovor -
-
-
It is astounding how difficult it seems to be for journos and “policymakers” to grasp the concept kleptocracy and conditions that create it. And suffering itself. Thank you Nick for trying, TRYING to explain and simplify like a patient first-grade teacher would to slow learners.
-
Ulukaya (Chobani) was a penniless Turkish-Kurdish goat herder barely 10 years ago. He is now a multibillionaire. Is this an evil concentration of wealth? Is this the problem as opposed to kleptocracy-Marxism-Leninism? Was it regulations, or lack of regulations that helped him?
Kraj razgovora
Novi razgovor -
Čini se da učitavanje traje već neko vrijeme.
Twitter je možda preopterećen ili ima kratkotrajnih poteškoća u radu. Pokušajte ponovno ili potražite dodatne informacije u odjeljku Status Twittera.