Wikipedia: In economics (see public choice theory), rent-seeking is spending wealth on political lobbying to increase one’s share of existing wealth without creating wealth. The effects of rent-seeking are reduced economic efficiency through poor allocation of resources, reduced wealth creation, lost government revenue, increased income inequality,[1] and national decline.

A favourite allegation of those who successfully delayed action on climate change – climate scientists etc are merely grant-grubbers etc.


Blog at

Up ↑

%d bloggers like this: