Latest topics
» Interesting Music Album Covers (1-3 per post)
by Sary Today at 0:15

» Social .V. Cultural Conservatism
by Neon Knight Mon 27 Jan - 0:07

» British liberals' unrealistic ideas about Europe
by Neon Knight Sun 26 Jan - 1:18

» Majority of Italians in poll say racist acts are justifiable
by OsricPearl Sat 25 Jan - 5:06

» Wealth Distribution & Relative Poverty
by Neon Knight Thu 23 Jan - 21:42

» Guess this woman
by OsricPearl Wed 22 Jan - 5:34

» Now listening to . . .
by Neon Knight Sun 19 Jan - 0:45

» The English Wassailing Tradition
by OsricPearl Thu 16 Jan - 5:15

» Ronnie James Dio Appreciation Thread
by Neon Knight Sun 12 Jan - 23:45

» Nationalist Parties in Europe
by Neon Knight Sat 11 Jan - 1:15

» English Slang
by Neon Knight Fri 10 Jan - 1:09

» Beautiful Feminine Art
by OsricPearl Tue 7 Jan - 16:58

» Favourite Film & TV Scenes
by Neon Knight Tue 7 Jan - 0:39

» Accounts of Apparitions
by Neon Knight Fri 3 Jan - 3:32

» Time Slips
by Neon Knight Sun 29 Dec - 4:21

» The Englishmen with African Y-DNA
by Neon Knight Tue 24 Dec - 0:31

» Brexit Saga Update
by Neon Knight Sat 21 Dec - 7:42

» Monty Python Scenes & Sketches
by Neon Knight Thu 19 Dec - 23:27

» Ancient Archaeological Finds
by Neon Knight Sun 15 Dec - 3:05

» Animals - News & General
by Neon Knight Tue 10 Dec - 1:17

» Song Cover-Versions & Originals
by Neon Knight Sun 8 Dec - 0:45

» Women can see more colours than men
by Neon Knight Sun 1 Dec - 22:48

» European Ancestry in the USA
by Neon Knight Sun 1 Dec - 0:24

» Spotting dark personality traits from faces
by Neon Knight Sat 30 Nov - 3:25

» Believing in Conspiracy Theories
by OsricPearl Wed 27 Nov - 20:43

» Political Dimensions Test
by Neon Knight Tue 26 Nov - 22:22

» Reincarnation
by Sary Sun 24 Nov - 22:59

» Philosophical Traits Test
by Sary Sat 23 Nov - 2:12

» Any pagans here?
by Jehan I Wed 20 Nov - 20:42

» Catchphrases Of The Ancient Spartans
by Jehan I Sun 17 Nov - 17:16

» Is advertising and marketing evil?
by Neon Knight Thu 7 Nov - 22:22

» Joseph-Ignace Guillotin
by Neon Knight Wed 30 Oct - 16:50

» The Myth of Boomer Liberalism
by Sary Wed 30 Oct - 0:00

» Why soldiers have to be trained to kill
by Neon Knight Mon 28 Oct - 0:33

» The internet - 'a terrible disaster'
by Sary Mon 28 Oct - 0:08

» Personality traits linked to political orientation
by OsricPearl Tue 15 Oct - 22:29

» The Benefits of Eating Chocolate
by OsricPearl Sat 12 Oct - 4:58

» The Best Castles in Great Britain
by Sary Sun 6 Oct - 0:14

» Alligators and crocodiles are not closely related
by OsricPearl Sat 5 Oct - 1:25

» Humans could gain infravision
by OsricPearl Sat 28 Sep - 23:12

Rent Seeking - Economic Concept

Reply to topic

View previous topic View next topic Go down

Rent Seeking - Economic Concept  Empty Rent Seeking - Economic Concept

Post OsricPearl on Fri 12 Jul - 20:54

A good, short video that explains the economic concept of "Rent seeking," and why, though sometime necessary, can have some negative effects on the economy, and how the government and corporations take advantage of it and screw the little guy.

Rent Seeking - Economic Concept  VMPmie1
A lady of the castle

Female Posts : 389
Join date : 2017-08-07

Back to top Go down

Rent Seeking - Economic Concept  Empty Re: Rent Seeking - Economic Concept

Post Neon Knight on Sun 14 Jul - 19:10

I suppose the justification for this type of thing boils down to a question whether or not it's in the public and/or economic interest. Obviously there are good reasons for checking vehicle efficiency but it should be done properly and not too often. That example reminds me of wheel clampers who charge car owners to have the clamps removed:

"Wheel-clampers have been outlawed from clamping vehicles on private land under new legislation in England and Wales. The Protection of Freedoms Act makes it an offence to clamp on private land. The law does not affect Northern Ireland, and clamping and towing away on private land has been banned in Scotland since 1992." - BBC

Should copyright end when the originator dies or should it be inheritable by a person or company?

"In the UK, copyright in artistic works generally lasts for the lifetime of the artist plus 70 years after their death." -

"You can renew your patent for up to a maximum of 20 years from its filing date. After that point, it cannot be renewed any further and will lapse." -

Seems reasonable. Even a bit strict in the case of the patent.

Rent Seeking - Economic Concept  Englan11

Between the velvet lies, there's a truth that's hard as steel
The vision never dies, life's a never ending wheel
- R.J.Dio
Neon Knight
Neon Knight
The Castellan

Male Posts : 1683
Join date : 2017-03-05

Back to top Go down

Rent Seeking - Economic Concept  Empty Re: Rent Seeking - Economic Concept

Post OsricPearl on Mon 15 Jul - 21:34

I think that rent seeking can be necessary because it does provide a service, even if it doesn't cost the provider anything. For example, if someone needs land and you have land, then there is a service that you can provide to the person who needs it. The fact that you can profit from it only gives you an incentive to provide the service.
The problem is when services or governments use this rent seeking to force people to pay for services that they neither need or want, for example the BBC or the $5 landline fee in California.

With the example of Disney, the company is no longer under the management of Disney or his family. He has been dead for nearly seventy years now, and many of his cartoons were made even before he died. Some old movies, silent movies, are still under copyright laws even though not a single person a live left could benefit from it. Shrug

Rent Seeking - Economic Concept  VMPmie1
A lady of the castle

Female Posts : 389
Join date : 2017-08-07

Back to top Go down

Rent Seeking - Economic Concept  Empty Re: Rent Seeking - Economic Concept

Post Sponsored content

Sponsored content

Back to top Go down

View previous topic View next topic Back to top

Permissions in this forum:
You can reply to topics in this forum