3 months ago
Which side makes a better case?
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  • 3 months ago

    @egreg you continually misuse terms you clearly don't understand. For example you misuse Rent Seeking over and over when in fact it's only available understand government system-especially socialistic ones- and Not markets. .
    -People are said to seek rents when they try to obtain benefits for themselves through the political arena. They typically do so by getting a subsidy for a good they produce or for being in a particular class of people, by getting a tariff on a good they produce, or by getting a special regulation that hampers their competitors. Elderly people, for example, often seek higher Social Security payments; steel producers often seek restrictions on imports of steel; and licensed electricians and doctors often lobby to keep regulations in place that restrict competition from unlicensed electricians or doctors.