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    Nicole Parsons (npars01@mstdn.social)'s status on Wednesday, 27-Nov-2024 06:12:46 JSTNicole ParsonsNicole Parsons
    in reply to
    • Jon S. von Tetzchner

    @jon

    Rent-seeking middleware can always be used to extort concessions and hijack your user base of customers & vendors

    1. Apple & Spotify - rent seeking middlemen between musicians & music lovers

    https://doctorow.medium.com/https-pluralistic-net-2024-08-15-private-law-thirty-percent-vig-9013b8531a6b

    2. Health insurance - rent-seeking between health care providers and patients
    https://pnhp.org/news/the-economist-rent-seeking-in-americas-health-care-system/

    3. RealPage - Rent-seeking between landlords & tenants

    https://brianlovin.com/hn/34926683

    4. Search engines

    https://pluralistic.net/2023/11/03/subprime-attention-rent-crisis/#euthanize-rentiers

    In conversationabout 6 months ago from mstdn.socialpermalink

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    1. No result found on File_thumbnail lookup.
      The Economist: Rent seeking in America's health care system - PNHP
      Which firms profit most from America’s health-care systemThe Economist, Schumpeter, March 15, 2018Every year America spends about $5,000 more per person on health care than other rich countries do. Yet its people are not any healthier. Where does all the money go? One explanation is waste, with patients wolfing down too many pills and administrators churning out red tape. There is also the cost of services that may be popular and legitimate but do nothing to improve medical outcomes.Joseph Stiglitz defines rent seeking as "getting income not as a reward to creating wealth but by trapping a larger share of the wealth that would otherwise have been produced without their effort."
    2. Domain not in remote thumbnail source whitelist: brianlovin.com
      Brian Lovin
      from @brian_lovin
      Product designer, podcaster, and writer, living in San Francisco.
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