On Mon, 19 Jun 2017 02:39:03 -0700, El Castor
Post by El Castor Post by me
Rent control is one form of 'rent seeking'. So is financialization and the complete control of markets via credit creation and loans guaranteed by government, fraudulent credit ratings, manipulating interest rates, mortgage backed security schemes, etc. There are lots of ways to stack the deck to profit some and screw others in the process. Many of our finest minds are put to work devising them.
The point of the article is not abiut oligarchs own housing units. It's that 'rent seeking' is destructive to the standard of living for increasing numbers of people - as you yourself acknowledged with your rent control example. Rent seeking is not production of goods and services for mass consumption.
Huh? Rent seeking? Why shouldn't renters seek out the best deal that
they can afford and meets their needs? If I look for a house to buy,
is that house seeking? Shopping around for a car -- car seeking?
Buying a refrigerator -- refrigerator seeking??
You're not serving billionaires when you do that, and those are
the only "real people" for Werner. Everyone else is just garbage.
Speaking of which, a story is developing that seems to me sad
news. Amazon is taking over "Whole Foods" (where I almost
never have shopped myself). I'm hearing noise this morning
that the Amazon search engine may eventually start "blocking"
sites not "friendly" to Amazon, and directing Amazon searches
to "friendly" sites exclusively. That will be a sad day. I'll no
longer be able to depend on Amazon to get a good deal such as
this one: the best pens in the known universe at a great price.
I recently bought a box of 12, blue, 0.7 (not 0.5) mm tip width,
for a great price, since nearly all my identical old ones are
running out of, or had run out of, ink.
The only drawback is that if you're carrying one in your jeans
and the cap comes off, you may end up with an indelible ink
spot on your jeans.
(I rarely use pencils except for cleaning cat hair out of brushes.)