Chapter
The Problems With Rent Seeking
48:14 - 51:30 (03:15)
The podcast discusses how big corporations use resources towards lobbying for regulations against their competitors rather than investing in their own corporation, and how this affects social awareness groups and campaign contributions.
Clips
140 foundations funneled almost 600 million dollars to about 100 climate denial organizations since then.
48:14 - 49:38 (01:23)
Summary
140 foundations funneled almost 600 million dollars to about 100 climate denial organizations since then. You can funnel money to a 501C4 that funnels money to that political action committee. Chuck: Yeah, but it's still having the same effect, the same outcome.
ChapterThe Problems With Rent Seeking
EpisodeSelects: How Dark Money Works
PodcastStuff You Should Know
Rent seeking is when large corporations spend money on lobbying efforts to create regulations against their competitors, rather than investing in their own growth.
49:38 - 51:30 (01:52)
Summary
Rent seeking is when large corporations spend money on lobbying efforts to create regulations against their competitors, rather than investing in their own growth. This results in less choice for consumers as the focus shifts to grabbing a larger piece of the pie, rather than growing the pie altogether.