Globalists
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“profound and disturbing analysis that exposed the moral horror of apartheid in South Africa.”166 At its core, Hutt argued, racism is a form of rent-seeking analogous to trade unions defending their own privilege against the entry of nonwhite workers.167 “The chief source of colour discrimination,” Hutt suggested, was “to
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at constitutional design from 1960 onward were attempts to discover an institutional fix for the tendency of democracy to stray from economic order toward particularist rent-seeking and, as Alexander Rüstow put it, the transformation of state policy and national budgets into the “prey” of special interests.144 He laid out the
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, 176 Reason, abuse of, 225, 259–260. See also Knowledge; Rationality Refugees, 120, 135, 145; refugee money, 145 Regnery, Henry, 168–169 Reisch, Richard, 66 Rent-seeking, 173, 206 Republican Party, 161 Rhodesia, 149–151, 170–171; American-Rhodesian Association, 178; Rhodesia Information Service, 177; Unilateral Declaration of Independence, 170, 175 Ricardo
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2011, https://www.artforum.com/print/201106/renzo-piano-s-shard-28344. 82. Paul C. Cheshire and Gerard H. Dericks, “‘Trophy Architects’ and Design as Rent-Seeking: Quantifying Deadweight Losses in a Tightly Regulated Office Market,” Economica, no. 87 (2020): 1081. 83. Luna Glucksberg, “A View from the Top: Unpacking Capital Flows
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. 30, 2016. 17. diminishing returns: Brian Galle, “Charities in Politics: A Reappraisal,” William & Mary Law Review 54 (2013): 1561, 1581–82; Richard L. Hasen, “Lobbying, Rent-Seeking, and the Constitution,” Stanford Law Review 64 (2012): 191, 229. 18. 23 million people: “Number of High Net Worth Individuals in the United States from
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for financial products and uncertain how to do it, financial firms charge high prices, well above their marginal costs; compete for customers in a wasteful rent-seeking fashion; and offer complex products that make price-sensitive shopping even more difficult. Governments can curb market power in two main ways. First, they can
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, “The political economy of the rent-seeking society,” American Economic Review 64 (1974): 291–303. 18. A classic model of this phenomenon is Abhijit Banerjee, “A simple model of herd behavior,” Quarterly
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of solidarity that should not be obscured by party stripe or reductionist ideological labels: nobody likes corporate welfare (as the left would call it) or rent-seeking (as it’s named by the right) unless one is among those insiders directly benefitting from said largess. The left and right came together to
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have to serve the public. A liberal economic analysis to these problems might describe the informal networks of competing private interest as variously productive or rent-seeking, depending on whether the activity at hand created or depleted economic resources. Varied critics of the Soviet economy have interpreted the collapse of the public
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much held over a table as conducted on a rack. It was the only way to enforce a concept as peculiar and universally rejected as rent-seeking from medicines. This is the story of how one of history’s worst ideas took root against centuries of tradition and came to dominate the
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society; trade integration of China, India, and other emerging markets in the global economy; knowledge and skill-biased technological innovation; rise in finance and increased rent-seeking and oligopoly in financial markets. This increase in inequality led to a “keeping up with the Joneses effect”: households in the United States and Europe
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