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by 3np
684 days ago
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> Rent seeking is getting the government/a regulator to mandate the use of your service. That sounds like your personal narrower definition. Where did you get that from? The wider use is both historically and semantically accurate and I believe people familiar with the term will still recognize its intended meaning today. Needlessly making a physical product unusable without the continued subscription to an associated service, and designing the product in such a way that only the manufacturer can/may provide that service (aka vendor-lock-in) is pretty much rent-seeking, yeah. https://en.wikipedia.org/wiki/Rent-seeking |
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