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Turing's business model is a quintessential example of rent seeking: increasing profits not by adding real value for customers but by exploiting loopholes.
"In organizing the future, no system will work unless it recovers the greatest part of what was gained in socialist times," Mr. Kashin said, citing the example of rent.
"To begin, net neutrality regulation cannot be justified as a means of enhancing consumer welfare or advancing or protecting the public interest, and instead is best understood as a classic example of rent seeking.
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The classic example of rent-seeking is that of a feudal lord who installs a chain across a river that flows through his land and then hires a collector to charge passing boats a fee (or rent of the section of the river for a few minutes) to lower the chain.
This is an example of rent-seeking, which is trying to use government power to increase private wealth or power, and it is part of a well-developed tradition in economics.
Consider the example of renting a video.
Perhaps even reforming the political system itself; there is no greater example of rent-seeking anywhere than corporations buying elections, is there?
Are there any examples of rent controls in other countries?
Common examples of rent-seeking (which may or may not be illegal) include forming cartels and lobbying for rules that benefit a firm at the expense of competitors and customers.Class warriors and free-market devotees alike are worrying about rent-seeking.
And, besides that often glossed-over piece of British history, there are plenty more examples of successful rent strikes taking place in different cities throughout the 20th and 21st centuries, from Leeds to Milan to Harlem.
There are sections in his report where he sort of gives up – for example, over "the problem of rent" (a fair way to help people with housing costs).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com