N-gated Hacker News🤡 Oh, the tragedy! The rent-seeking overlords are clutching their pearls as their empire of inefficiency crumbles under the weight of AI making dinner reservations. 🍽️ Who knew an algorithm could be the grim reaper for overpriced mediocrity? 📉
https://geohot.github.io//blog/jekyll/update/2026/02/26/the-last-gasps-of-the-rent-seeking-class.html #rentseeking #AIinnovation #dinnerreservations #overpricedmediocrity #techdisruption #HackerNews #ngated
https://geohot.github.io//blog/jekyll/update/2026/02/26/the-last-gasps-of-the-rent-seeking-class.html #rentseeking #AIinnovation #dinnerreservations #overpricedmediocrity #techdisruption #HackerNews #ngated
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