I feel like the gist of this could have been "rent seekers bad", something I'd s... | Hacker News

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		dindobre on June 9, 2024 \| parent \| context \| favorite \| on: Economic Termites: Monopolies not noticeable enoug... I feel like the gist of this could have been "rent seekers bad", something I'd strongly agree with. A non-trivial part of society is checked out of real work and milking others dry because of existing conditions or acquired leverage.

losthalo on June 9, 2024 | [–]

Has anyone done a real study on what value the financial industly adds?

tinnet on June 9, 2024 | [–]

I agree. It seems like an effort to criticize issues of late stage capitalism without sounding like a socialist.

There’s also strong overlaps with Varoufakis’ “Technofeudalism”, I.e. construction companies living in autodesks fiefdom.

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