Crony capitalists seek to generate profits without producing anything of value. Explanation of economic rent

The Wrong Kind of Entrepreneurs Flourish in America

Crony capitalists seek to generate profits without producing anything of value. Explanation of economic rent

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By recognizing some of these many ways in which citizens should be seen as stockholders, economic rent could start to be diverted from rentiers directly to citizens before any of it reaches the hands of governments or corporations.

By recognizing some of these many ways in which citizens should be seen as stockholders, economic rent could start to be diverted from rentiers directly to citizens before any of it reaches the hands of governments or corporations.

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Rent-seeking is a phrase increasingly in vogue by folks without real jobs. Wikipedia defines it as “an attempt to obtain economic rent by manipulating the social or political environment in which economic activities occur, rather than by creating new wealth.” Synonym: the U.S. defense industry and its allies, c. 2012.

“Rent-Seeking”

Rent-seeking is a phrase increasingly in vogue by folks without real jobs. Wikipedia defines it as “an attempt to obtain economic rent by manipulating the social or political environment in which economic activities occur, rather than by creating new wealth.” Synonym: the U.S. defense industry and its allies, c. 2012.

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