Rent seeking illustration

Matt Bogard has just posted a nice two part Venn diagram illustration of rent seeking {above is part 2 of the illustration}.

I posted a brief thank you:

Excellent illustration, thanks. Of the various ways to reduce the rent seeking I favor slashing the big goverment regulatory honey pot.

Even if we zeroed the regulatory burden, so long is there large goverment spending there will be rent seeking proptional to size of the spend.

There are structural solutions, e.g., part-time legislators, sortition… But the fox is already in charge of the henhouse. Charter Cities are one escape.

 

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