Hacker NewsThe Last Gasps of the Rent Seeking Class
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The Last Gasps of the Rent Seeking Class
Over the past fifty years, the U.S. economy built a giant rent-extraction layer on top of human limitations: things take time, patience runs out, brand familiarity substitutes for diligence, and most people are willing to accept a bad price to avoid more clicks. Trillions of dollars of enterprise value depended on those constraints persisting. – Citrini Research
The Mirror: News, Sport, Celebrity & Entertainment
The Whore of Blahbylon
Tim Zee