• Caveman@lemmy.world
    1·
    11 months ago
    1. Buy
    2. Build a wall
    3. Add cameras
    4. Charge neighbours for taking down the wall and yearly fee for not building it again.
    5. ???
    6. Capitalism.
      • indepndnt@lemmy.world
        1·
        11 months ago

        More or less? Actually it’s more like extortion as written, but generally speaking rent seeking is buying something that you can get others to pay you for regularly. Like “hey, this land has oil, I’ll buy it and lease the oil rights” or “hey, this land has a house on it that people like to live in, I’ll buy it and lease the habitation rights”.