It’s no secret that there’s a lot of rent seeking in Washington: companies lobby Congress to get favors for themselves, at the expense of the rest of society (especially consumers, competing businesses, and taxpayers). The most straightforward type of case: subsidies. Just have the government directly take money from taxpayers and give it to you.
Rent Seeking: Blame Everybody and Nobody
Rent Seeking: Blame Everybody and Nobody
Rent Seeking: Blame Everybody and Nobody
It’s no secret that there’s a lot of rent seeking in Washington: companies lobby Congress to get favors for themselves, at the expense of the rest of society (especially consumers, competing businesses, and taxpayers). The most straightforward type of case: subsidies. Just have the government directly take money from taxpayers and give it to you.