Comment by malfist
1 month 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?
1 month 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".