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RE: Social Media 1.0 Collapse Underway - Advertisers in Revolt

in #steemit7 years ago

The rent-seeking class as opposed to the public. I never heard that term before and your explanation is that rent-seeking is seeking 'unearned wealth ....etc. Two images come to mind, first the idea of a temporary occupant like a renter as opposed to homeowners who have a vested interest in long term goals; and after I read your clarification, I thought of the mob taking from local businesses but I'm not quite sure if either is correct.

Thanks for sharing this article by Zerohedge, it shows how much the world is changing. And how fast. If people knew how modern advertising came about. The forces of greed and the desire for control over others have allowed some pretty evil stuff to go on in this world. Here is a short video about Edward Bernays, nephew of Freud, who is called the Father of Propaganda.

Source: YouTube Channel twclark66

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"rent-seeking" in this context is a term used by economists in to describe behavior I outlined. Purely a technical term, but very appropos.

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