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by kortilla
47 days ago
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It is not the textbook example. The textbook example is regulatory capture where people put in an artificial gate and charge people to cross it. Everything functioned fine without the gate and nothing was improved by the gate. An apartment LEASE is literally nothing like that. You’re borrowing something you don’t have and it’s a rivalrous good so other people can’t use it while you are. Renting (leasing) a car, an apartment, or any other good like that is not rent seeking behavior. No actual economist would argue that because it dilutes the term to something completely meaningless. |
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