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Cake day: July 6th, 2023

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  • SCB@lemmy.worldtoMemes@lemmy.mlI'm not even sure I want to know
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    1 year ago

    Fearful that a high-level national hero might be killed, Soviet officials banned Gagarin from participating in further spaceflights. After completing training at the Zhukovsky Air Force Engineering Academy in February 1968, he was again allowed to fly regular aircraft. However, Gagarin died five weeks later, when the MiG-15 that he was piloting with flight instructor Vladimir Seryogin crashed near the town of Kirzhach

    Commies smh



  • Elon is (maybe was) very much good at what he does. Twitter is a bad example because that whole shit show was a dick measuring content from the get-go.

    Fact is, SpaceX wouldn’t be SpaceX and Tesla sure as fuck would not be Tesla without his leadership.

    He’s a piece of shit as a person, and I’d never want to work for him, because his work ethic is unhealthy to say the least (and I personally have a pretty extreme work ethic), but it’s schoolyard nonsense to claim he’s somehow bad at business. Leading a business may be the one thing he is good at. It’s tossing shit just to toss shit.

    You can not like him and acknowledge he is good at things.






  • What you’re missing is they were literally lords, who literally owned land, and extracted rents from shit like charging to harvest kelp on their shoreline, or charging a toll to navigate down a stream, etc.

    Ie. not contributing any benefit (preventing access to a natural resource/mode of travel otherwise possible)

    It has nothing to do with providing homes, which is a distinct economic benefit.

    This all comes from this very long bit of Adam Smith’s work, which I will link in its entirety and encourage you to read, with the above definition of a literal landlord in mind.

    https://www.adamsmithworks.org/documents/chapter-xi-of-the-rent-of-land

    As a similar confusing distinction, though a modern toll road may seem similar to extracting rent to navigate a stream, a modern toll road explicitly addresses the externalities of using the road (ie. Damage to the road), and is a non-negative use of rent seeking.


  • An example of rent-seeking in a modern economy is spending money on lobbying for government subsidies in order to be given wealth that has already been created, or to impose regulations on competitors, in order to increase one’s own market share.[15] Another example of rent-seeking is the limiting of access to lucrative occupations, as by medieval guilds or modern state certifications and licensures. According to some libertarian perspectives, taxi licensing is a textbook example of rent-seeking.[16] To the extent that the issuing of licenses constrains overall supply of taxi services (rather than ensuring competence or quality), forbidding competition from other vehicles for hire renders the (otherwise consensual) transaction of taxi service a forced transfer of part of the fee, from customers to taxi business proprietors.

    The concept of rent-seeking would also apply to corruption of bureaucrats who solicit and extract “bribe” or “rent” for applying their legal but discretionary authority for awarding legitimate or illegitimate benefits to clients.[17] For example, taxpayers may bribe officials to lessen their tax burden.

    One would assume they would list… You know… rent, if it applied

    You not liking landlords doesn’t change the meaning of words. You can still dislike landlords, and just use words properly.



  • Landlords aren’t necessarily rent-seekers (though some individuals conceivable could be) as economists use the term, and your lack of understanding of economic rent-seeking is something you can fix.

    Rent-seeking is a concept in economics that states that an individual or an entity seeks to increase their own wealth without creating any benefits or wealth to the society. Rent-seeking activities aim to obtain financial gains and benefits through the manipulation of the distribution of economic resource

    Providing a home is a benefit to the society.

    Credit processors (what you’re calling “banks”) provide a service to merchants. They are also not rent-seeking.