Comment by malfist
20 days ago
Anticompetitive behavior is completely within lines for capitalism. Survival of the fittest and efficient marketplace and all that.
Besides, what's the other option, rent seeking is socialism? A barter system?
20 days ago
Anticompetitive behavior is completely within lines for capitalism. Survival of the fittest and efficient marketplace and all that.
Besides, what's the other option, rent seeking is socialism? A barter system?
> Survival of the fittest and efficient marketplace
Rent seeking is an Econ 101 example of market inefficiency.
> what's the other option, rent seeking is socialism?
Rent seeking is rent seeking. It is a form of corruption, via regulatory capture. It is a way in which any political system can fail, not limited to an ideology like "socialism" or "capitalism".