Indeed, in most environments, controls lead to "rent-seeking" behaviour, in which resources are diverted from productive activity and instead are used to try to win import licenses, or to get the necessary bureaucratic permissions.
Amazon's flurry of activity has led to rent increases and a drop in office vacancy and has inspired confidence in the market.
"Not providing those who are financially vulnerable with protection will increase their risk of falling into debt, but could also threaten future building of much-needed new affordable homes if it leads to rent arrears increasing," said David Orr, the federation's chief executive.
An earlier systematic review found some evidence that housing improvements led to rent increases - a possible mechanism for adverse outcomes to low budget households with inadequate welfare protection [ 6].
Crony capitalism, the report details, leads to "rent-seeking through subsidies or taxes that benefit vested interests at the expense of others, rather than the pursuit of profit through socially and economically productive behavior".
In the years that followed, I found myself embracing the kind of freedom that comes with not being too attached to things, one that led to renting a series of sublets and living among borrowed belongings and other people's purchases.
The carbon rights rhetoric leads to rent-seeking since remunerations could be disconnected from the active contribution to the production of emission reductions, which is a public good by nature.
