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0 pointshorsawlarway3y ago0 comments

Morally - I don't see much difference, and think the push towards "rent everything, own nothing" is a bad, bad idea for social cohesion, economic equality, and general health and happiness.

Realistically - there is a considerable difference in the resources required to create a digital copy of a good vs a physical copy. The digital good has the slight upside that when companies abuse consumers through predatory pricing practices (literal rent-seeking...), they are destroying slightly less of the environment in the process.

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brookst3y ago

I always find it funny when people try to use "rent-seeking" as a pejorative.

Like, yes, someone invested a lot of capital up front and hopes to make a profit by selling time-limited access to what they bought, thereby making the goods accessible to people who don't have the up-front capital.

I can see preferring to own, but as a moral position, "rent-seeking" is synonymous with "risk-taking" and "access-providing."

For my part I am very happy to be able to rent a digital movie for $4 rather than buying a DVD for $20. The risk to me is lower and I'm more likely to try movies I wouldn't take a $20 chance on.

Dylan168073y ago

"Rent-seeking" is when there isn't risk. If you set up a new investment in a competitive market, and sell access, that's not rent-seeking.

In this scenario, the predatory pricing is a key aspect of how it becomes rent seeking, and a well-functioning market would not have predatory pricing. And the root issue is tied in to how current US copyright law has major flaws.

Gigachad3y ago

Wasn't rent seeking meant to be referring to a party which wedges itself between a buyer and seller and skims a fee off the transaction despite not really adding much value but in some way has made themselves difficult to bypass.

Someone making content and renting it out wouldn't count, while say the App Store fee would.

brookst3y ago

Kind of? You’re buying into the rhetoric though.

As a developer, I made a couple of hundred thousand dollars from the Apple App Store. You know how much value the App Store provided me? Way, way more than the 30% I paid (this was years ago).

Without a portal that could direct millions of people to find my app, I probably would have made tens of dollars.

So we can debate fair pricing, but the idea that aggregators don’t provide any value isn’t an indictment of aggregators, it’s a confession of not understanding the business.

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0 pointshorsawlarway3y ago0 comments

Morally - I don't see much difference, and think the push towards "rent everything, own nothing" is a bad, bad idea for social cohesion, economic equality, and general health and happiness.

0 comments

brookst3y ago

I always find it funny when people try to use "rent-seeking" as a pejorative.

I can see preferring to own, but as a moral position, "rent-seeking" is synonymous with "risk-taking" and "access-providing."

For my part I am very happy to be able to rent a digital movie for $4 rather than buying a DVD for $20. The risk to me is lower and I'm more likely to try movies I wouldn't take a $20 chance on.

Dylan168073y ago

"Rent-seeking" is when there isn't risk. If you set up a new investment in a competitive market, and sell access, that's not rent-seeking.

Gigachad3y ago

Someone making content and renting it out wouldn't count, while say the App Store fee would.

brookst3y ago

Kind of? You’re buying into the rhetoric though.

As a developer, I made a couple of hundred thousand dollars from the Apple App Store. You know how much value the App Store provided me? Way, way more than the 30% I paid (this was years ago).

Without a portal that could direct millions of people to find my app, I probably would have made tens of dollars.

So we can debate fair pricing, but the idea that aggregators don’t provide any value isn’t an indictment of aggregators, it’s a confession of not understanding the business.

1 more reply

j / k navigate · click thread line to collapse