You are viewing a single comment's thread from:
RE: What is rent seeking?
Whether or not an activity is beneficial to society is not a justification for using corrupt means to bring it about. And my personal views on profit-seeking behavior encompass this separate area you describe regarding public benefit corporations; no company can maximize profits while disregarding people and planet. When you see it occur, look for the company's connections to government before you blame the market's consumers for enriching a corporation that clearly disrespects them.
I agree with you about the ends not justifying corrupt means and also your sound advice for us to explore corporate/government connections. And your post does that brilliantly. It reveals the depth of overlap between the public and private sector (love your venn diagram!) as well as the increasingly sophisticated methods they use to hide their behind-closed-doors maneuvering. Thanks again for bringing this to light. Much respect and gratitude.