Slouching Towards Oblivion

Showing posts with label business. Show all posts
Showing posts with label business. Show all posts

Wednesday, June 30, 2021

Bullet Dodged

...plenty more bullets to come.


SCOTUS narrowly decides to be a mensch about it and comes down on the side of the people who pay the rent that makes it possible for the rent collectors to collect the rent.

But don't get comfortable - we're comin' for your ass in a month's time. And don't start thinking we're not still looking to build prisons and workhouses for the undeserving poor.

NYT: (pay wall)

Supreme Court Rejects Request to Lift Federal Ban on Evictions

The C.D.C. had imposed an eviction moratorium, saying it was needed to address the coronavirus pandemic.

The Supreme Court on Tuesday refused to lift a moratorium on evictions that had been imposed by the Centers for Disease Control and Prevention in response to the coronavirus pandemic.

The vote was 5 to 4, with Chief Justice John G. Roberts Jr. and Justices Stephen G. Breyer, Sonia Sotomayor, Elena Kagan and Brett M. Kavanaugh in the majority.

The court gave no reasons for its ruling, which is typical when it acts on emergency applications. But Justice Kavanaugh issued a brief concurring opinion explaining that he had cast his vote reluctantly and had taken account of the impending expiration of the moratorium.

“The Centers for Disease Control and Prevention exceeded its existing statutory authority by issuing a nationwide eviction moratorium,” Justice Kavanaugh wrote. “Because the C.D.C. plans to end the moratorium in only a few weeks, on July 31, and because those few weeks will allow for additional and more orderly distribution of the congressionally appropriated rental assistance funds, I vote at this time to deny the application” that had been filed by landlords, real estate companies and trade associations.

He added that the agency might not extend the moratorium on its own. “In my view,” Justice Kavanaugh wrote, “clear and specific congressional authorization (via new legislation) would be necessary for the C.D.C. to extend the moratorium past July 31.”

At the beginning of the pandemic, Congress declared a moratorium on evictions, which lapsed last July. The C.D.C. then issued a series of its own moratoriums.

“In doing so,” the challengers told the justices, “the C.D.C. shifted the pandemic’s financial burdens from the nation’s 30 to 40 million renters to its 10 to 11 million landlords — most of whom, like applicants, are individuals and small businesses — resulting in over $13 billion in unpaid rent per month.” The total cost to the nation’s landlords, they wrote, could approach $200 billion.

The moratorium defers but does not cancel the obligation to pay rent; the challengers wrote that this “massive wealth transfer” would “never be fully undone.” Many renters, they wrote, will be unable to pay what they owe. “In reality,” they wrote, “the eviction moratorium has become an instrument of economic policy rather than of disease control.”

In urging the Supreme Court to leave the moratorium in place, the government said that continued vigilance against the spread of the coronavirus was needed and noted that Congress has appropriated tens of billions of dollars to pay for rent arrears.

The challengers argued that the moratorium was not authorized by the law the agency relied on, the Public Health Service Act of 1944.

The 1944 law, the challengers wrote, was concerned with quarantines and inspections to stop the spread of disease and did not bestow on the agency “the unqualified power to take any measure imaginable to stop the spread of communicable disease — whether eviction moratoria, worship limits, nationwide lockdowns, school closures or vaccine mandates.”

The C.D.C. argued that the moratorium was authorized by the 1944 law. Evictions would accelerate the spread of the coronavirus, the agency said, by forcing people “to move, often into close quarters in new shared housing settings with friends or family, or congregate settings such as homeless shelters.”

The case was complicated by congressional action in December, when lawmakers briefly extended the C.D.C.’s moratorium through the end of January in an appropriations measure. When Congress took no further action, the agency again imposed moratoriums under the 1944 law.

In its Supreme Court brief, the government argued that it was significant that Congress had embraced the agency’s action, if only briefly.

Last month, Judge Dabney L. Friedrich of the Federal District Court in Washington ruled that the agency had exceeded its powers in issuing the moratorium.

“The question for the court,” she wrote, “is a narrow one: Does the Public Health Service Act grant the C.D.C. the legal authority to impose a nationwide eviction moratorium? It does not.”

Judge Friedrich granted a stay of her decision while the government appealed, leaving the moratorium in place. A unanimous three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit declined to lift the stay, saying the government was likely to prevail on appeal.

Whatever else may be said about the eviction moratorium, the challengers told the Supreme Court, it has outlived its purpose.

“The government may wish to prolong the moratorium to see out its economic-policy goals,” they wrote, “but that does not render its stated justification plausible. Forcing landlords to provide free housing for vaccinated Americans may be good politics, but it cannot be called health policy.”

Saturday, June 26, 2021

Assume The Worst

David Pakman (from back in May)


For this discussion, "infrastructure" is the stuff that facilitates commerce - roads and bridges and other lines of communication - the stuff we use to move stuff around.

But also, it's the stuff that helps people find work, get to where the work is, and do the work. 

Things like childcare and elder care and broadband and renewable power and public transit and the variety of people development items (schools, VoTech training, grants and financing etc) - all of it helps people find a job, (or make their own job), go to the job, and do the job.

It's easy to think we have a Republican party that just can't extricate itself from a fantasy 1950s mindset, and refuses to stop lying to its voters about everything.

But I don't think that's it - not all of it anyway. It's not like the "party of business" suddenly doesn't know anything about economics - they do know - so what exactly is their game?

We don't do ourselves any favors by insisting they're all stupid. We're better off assuming they have a plan and that they're executing on it.

Monday, January 11, 2021

Continuing The Fight (updated)

It should be hard to imagine a government led by people who think we have a right to Twitter but not healthcare.

It isn't hard to imagine that at all. Not here in USAmerica Inc.

Twitter shut down President Stoopid's account recently because of his insistence on using it to spread the "election fraud" bullshit, and now Amazon has stepped up by kicking Parler off their web services platform because:


And of course, the Q Cucks Clan have reacted with their usual cool and aplomb.



Amazon's suspension of Parler's account means that unless it can find another host, once the ban takes effect on Sunday Parler will go offline.

Amazon notified Parler that it would be cutting off the social network favored by conservatives and extremists from its cloud hosting service Amazon Web Services, according to an email obtained by BuzzFeed News. The suspension, which will go into effect on Sunday just before midnight, means that Parler will be unable to operate and will go offline unless it can find another hosting service.

People on Parler used the social network to stoke fear, spread hate, and coordinate the insurrection at the Capitol building on Wednesday. The app has recently been overrun with death threats, celebrations of violence, and posts encouraging “Patriots” to march on Washington, DC with weapons on January 19, the day before the inauguration of President-elect Joe Biden.

In an email obtained by BuzzFeed News, an AWS Trust and Safety team told Parler Chief Policy Officer Amy Peikoff that the calls for violence propagating across the social network violated its terms of service. Amazon said it was unconvinced that the service’s plan to use volunteers to moderate calls for violence and hate speech would be effective.

“Recently, we’ve seen a steady increase in this violent content on your website, all of which violates our terms," the email reads. "It’s clear that Parler does not have an effective process to comply with the AWS terms of service.”

An Amazon spokesperson declined to comment on the suspension.

In a post on Saturday evening following publication of this story, Parler CEO John Matze, who did not return a request for comment from BuzzFeed News, said it is possible the social network will be unavailable on the internet for up to a week as we rebuild from scratch."

Update - as of this morning, Parler is homeless.


Radicalization is big business. This shit will always be with us because there's always a double digit percentage of wackos out there who need to live in their fantasies, and there will always be cynical manipulative assholes looking to monetize the crazy.

We can't set ourselves up to fail by insisting that any given way of thinking is illegal, so we have to make it plain that there's a big difference between thought and action. 

We also have to insist on understanding the 1st amendment.


We can only push the culture forward and let the loonies know their deliberate ignorance and  abhorrent behaviors won't be tolerated in a civil society.

They won't be employed. and they won't be invited to the neighbors' for dinner, and they won't be welcome at the tailgates until they learn how to mind their manners.



Saturday, October 24, 2020

Revenue Opportunity

Sometimes the slicing and dicing of market data gets more than a little ridiculous - although "kinky, submissive male Trump supporters with humiliation fetishes" might be quite a bit bigger cohort than I thought at first.

Anyway, there's always somebody looking to cash in on whatever little piece of shit floats by.


Groups such as the Lincoln Project and Republican Voters Against Trump are organizing their fellow disaffected Republicans. Former CIA and NSA director General Michael Hayden put out a message that is likely to influence the national defense and intelligence communities toward Biden. And leftist groups such as Vote Trump Out are swaying their fellow progressives who can’t stand centrist Democrats—and who are leaning toward voting for a third party or not voting at all—to vote against Trump by voting for Biden.

When such a wildly diverse group of organizers, across the right and left, comes together for a common goal, we’re clearly in an unprecedented all-hands-on-deck moment. Everyone’s doing their part.

But up until recently, there’s one group of potential Biden voters who have not been the subject of voter outreach: kinky, submissive male Trump supporters with humiliation fetishes.

Now, thanks to a Las Vegas-based professional dominatrix named Empress Delfina, this once-overlooked voting bloc is covered—and may be voting Biden. By force.

She calls it “Trump Conversion Therapy.” Her ad for this service reaches out to these potential Biden voters as follows: “Here’s your chance to get berated for being the degenerate Trump supporter you are. I reverse the brainwash you’ve succumbed to that made you into a Simple Stupid Drone. By using lethal mind fucking language and making you repeat dumbass chants like your Bullshitter in Chief made you do to warp you into submission, I transfer your ownership to me for my personal gain and entertainment. Embrace that you need to be saved from being a Trump-bot. Call now to begin your Trump Conversion Therapy.”

At $1.99 a minute, business is booming.

The interview in the piece makes for some interesting prospects for how the rest of us can look for ways to break some of these people free from Cult45.

Sample:

So what happens in a Trump Conversion Therapy session?

"Maybe half the guys just want to argue. They’re not open to getting converted at all. They just call to start berating my liberal politics. And I’m like, “Hey, if you want to pay me $1.99 a minute to argue with me, go right ahead. You’re not getting anywhere with me, and I’m happy to profit off your stupidity—just like your leader did.”





Thursday, April 09, 2020

Why We Fight

I am not going to let myself slip into full Cult45-like behavior by advocating the wholesale slaughter of these Wall Street assholes.

Not now. Not yet. But don't think for one fuckin' second I can't be persuaded.

Go ahead and push me some more, motherfuckers.




Reuters:

Exclusive: Wall Street firm dangled up to 175% returns to investors using U.S. aid programs

A New York investment firm pitched wealthy investors in recent days on a way to make returns of 22% to 175% using U.S. government programs designed to help Americans keep their jobs and boost the coronavirus-stricken economy, according to a marketing document seen by Reuters.

Following questions posed by Reuters, Arcadia Investment Partners LLC, which has about $1 billion under management, said it had put its plans on hold.

The idea was in “formative stages” and the firm was not “presently moving forward with this strategy given reasons that include uncertainty surrounding the regulations,” Dahlia Loeb, managing director at Arcadia, told Reuters in an email on Wednesday. She did not elaborate further.

The firm had sent the pitch as recently as this weekend to “a limited number of sophisticated investors,” according to the marketing materials, which are dated April 4 and marked confidential. In an email sent Sunday, and seen by Reuters, Loeb wrote it was a “highly time sensitive opportunity” and had offered to discuss it with investors that day or early in the week.

Arcadia’s pitch offers a glimpse into how some private investors are looking to quickly take advantage of the unprecedented government intervention after the novel coronavirus brought economic activity to a screeching halt.


There are reasons 45* keeps going out of his way to get rid of all the oversight processes and all the Inspectors General.

Crooks need the cops to stick to the donut shops.

Thursday, March 05, 2020

A Bible Thing


But then the Protestants got hold of it during The Reformation in the 16th century, and fucked it up for all of us by plowing the road and making it possible for American Evangelicals to use their religion almost solely as a revenue generator, and for their pet coin-operated politicians to rationalize and institutionalize rent-seeking.

So it sounds good, but it just comes back on you when they point out that it's not a Christian Bible thing, it's a Muslim Quran thing. And it gets lost in the racism shouting match.

But then again, if Usury is, in fact, a sin - and the GOP always makes noise about adhering to religious teachings - why are they always so adamantly opposed to things like CFPB?

Why would Liz Warren's ideas about fair and honorable business practices be seen as such a threat?

It's a wonderment.

Sunday, January 20, 2019

Products

Twitter pal Eve The Potter recently walked away from a pretty solid tech gig to follow her dreams.


Stonecrop Pottery

I ordered a tankard last week, and it's become a permanent fixture in the daily routine (ie: semi-OCD nut-ball morning ritual) that supports and reinforces my rather sever coffee jones.



Every piece is handmade and unique - built to last.


Saturday, April 21, 2018

They're Not All Assholes





Good to remind myself once in a while that there are people in positions of power who get it - people who understand that this month's numbers mean diddly-shit if there's nothing left to work with in order to get next month's numbers. And that if you just leave it to the next guy to worry about that, then you're setting us all up for the kind of disaster we're starting to experience now.

Fortune Magazine's list of 50 great leaders for 2018:


16. Isabelle Kocher, CEO, Engie

In just two years, Kocher has pulled Engie, the energy giant formerly known as GDF Suez, into the future. The legacy oil and gas company now focuses on renewables and decarbonization; it has sold $15 billion worth of “dirty” assets and reinvested in cleaner ones. Kocher, the only woman CEO among France’s CAC 40 companies, recently boosted Engie’s dividend and reported its return to profitability after a two-year absence.



Eating your seed crop and fouling the nest are really bad ideas - even when you do it inadvertently, or for reasons you think are currently justifiable.



24. Mukesh Ambani, Chairman and Managing Director, Reliance Industries

In less than two years, India’s richest man has brought mobile data to the masses—and completely upended the country’s telecom market. Since Ambani, chief of the $47 billion conglomerate Reliance Industries, launched Jio—the first mobile network in the world to be entirely IP-based—in September 2016, the company has signed up a staggering 168 million subscribers. The secret? Offering dirt-cheap data and free calls (and plowing billions of dollars into the infrastructure that transmits them). The effect, dubbed “Jio-fication,” has driven India’s higher-price carriers to drop costs (if not run them out of business), and it fueled a 1,100% rise in India’s monthly data


Combining a disrupting innovation with a socially conscientious plan for implementation is what we used to do here in USAmerica Inc - before we put the bean-counters in charge and started insisting we could smash-fit everything into a 12-column ledger.

25. Mick CornettFormer mayor, Oklahoma City

If you’re a fiscally conservative mayor in a fiscally conservative city, how do you persuade voters to pay more for public works? Cornett proposed tying new spending to small sales taxes—and requiring that the taxes expire once the projects were paid for. During his 14-year tenure, his so-called MAPS plans helped Oklahoma City pay for school revitalization, public transit, and downtown improvements. Cornett left office in April on a high note and is seeking the GOP nod for governor.


Pay-as-you-go without the punishing Calvinist bullshit, which is always just the thinly-disguised Kick-'Em-When-They're-Down approach that the GOP normally takes.

BTW - it has escaped no one's notice that Donald Trump is not on this list.

Friday, August 19, 2016

Bye, Larry

Things change because they have to change, but we've lost a strong clear voice.




I only hope the suits will eventually come to understand that the revenue they seem to prize more than life itself means practically nothing compared with what a guy like Larry Wilmore's been trying to do.  And if they had anything on the ball that's anywhere near what they think they have on the ball, they'd have figured out a way to make it work.  As it is, all they're left with is a copyright on some content that they think is valuable enough to hoard while making sure nobody ever gets to see it again.

Seriously - sometimes the "smart guys" are the dumbest fuckin' people.  More Larry - less MBA Spreadsheet bullshit.

Saturday, May 14, 2016

It Ain't Broke


Ordinarily, I'd ask - why don't all those clear-eyed pragmatic capitalists understand this and do something about it?

I'm not asking that anymore because I think they do understand it; they've done pretty much what they intended to do; and it's working pretty much as they intended it to work.  So this is not some software bug.  It's not a glitch.  It's a feature.

This is what Unfettered Free-Market Capitalism ends up looking like.  When you reduce everything to a simple transaction; when every decision is based almost solely on Risk/Reward/Penalty, then you've removed the ethical dividing line between Right and Wrong - they become interchangeable - and suddenly those aren't people any more; they're revenue opportunities.

Seems like we've been here before.

  

Sunday, January 11, 2015

The Real Contagion

From Brother Charles at Esquire:
There is a very sad story in Cleveland concerning what happens when the TV lights dim, and when one 24-hour news-cycle crisis abates and another one erupts somewhere else.
You may recall that, back when Ebola was going to kill us all in our beds because President Barack Nkrumah-Kenyatta wanted all of western civilization to start spitting up its own entrails, a 29-year-old nurse named Amber Vinson contracted the disease and, before she was aware of that fact, flew to Cleveland, and then drove to Akron, for a wedding. She shopped for a dress at a place in Akron called Coming Attractions. Then, after the wedding, she flew back to Dallas, where she became symptomatic both of Ebola infection and of cable-news hysteria. The sad punchline is that, because of the publicity around Vinson's visit, and the subsequent mindless terror, Coming Attractions announced it was going out of business.
People stopped patronizing a store where their favorite Nightmare Du Jour went shopping - because they were afraid of getting the dread disease - never stopping to think that maybe they weren't in any real danger since the owners/employees of the store - the people who were there all day every day - weren't fucking sick.

But hey - we live in a time when it's important to be oblivious to having been issued your opinions by Corporate News, and that those opinions must never be examined in the light of actual evidence.

And so, unfortunately, once again, the clear-eyed pragmatic capitalist rubes fail to reach the obvious conclusion that being stoopid is bad for business.

Wednesday, November 19, 2014

There Are No Nations

It's worth seeing just about anything Paddy Chayevsky wrote because of the speeches and/or soliloquies.

The clip is from Network (1976), and it's been a favorite for me for a very long time.

"We no longer live in a world of nations and ideologies.  The world is a college of corporations inexorably determined by the immutable bylaws of business - the world is a business, Mr Beale.  It has been since man crawled out of the slime..."



I like to say I'm a Capitalist because god is a Capitalist, and that I believe strongly in Regulation because god believes strongly in Regulation.

I think Capitalism is the closest analogy to the way the biosphere has evolved to operate.  

As an organism, I have to take in enough calories to build up something of a surplus, so I'll have the energy necessary to make the effort it'll take to go out and get my next meal - income vs outflow; profit and loss etc.

But I also have onboard mechanisms that're there to regulate the functioning of my system.   Blood sugar (eg) is a good thing, but my pancreas is there to regulate it so I get the benefits without it reaching levels that're harmful to me. Bunches of other mechanisms of regulation are built into my system as well.  I have a hypothalamus to help regulate my body temperature; my brain stem does all kinds of nifty things like regulate my heart rate and my breathing and my eye-blinks etc etc etc.  Regulation is what works to keep me in healthy balance with myself and the world around me.

So, to be a little clearer, I don't have a problem with Capitalism.  I only have a problem with Capitalism when it's allowed to go crashing thru people's lives as it speeds toward the Logical Extreme (aka Unfettered Free-Market Capitalism) - which is where we get Feudalism and Slavery and Conquest and Authoritarian Rule and all of the really shitty ways of running things that America's supposed to be the exception to.

Always always always remember - a business is not a democracy.

Thursday, July 24, 2014

Today's Moronicity



Lil Brian (bless his heart) tries to make a point about how the sheriff's limited resources are being stretched too thin by helping all those dirty immigrant invaders who're busily destroying USAmerica Inc by trying not to get fucked over - or something.

So here's a question:  How do we fix the problem of underfunded border security when "conservatives" refuse to support funding for better border security?

It's just too fucking typical of the over-delegating under-thinking kind of hands-off "Modern Management Mindset" that always always always ends up saying, "We need you to improve all this mess, but make sure you don't change anything - and just let us know what you need, as long as it's nothing".

These jag-offs wanna slag Obama with some bullshit about "leadership"?

PS) I'm betting there's a fair probability that somebody's good buddy/brother-in-law is putting together a really great private-sector (or even better, a public/private) solution that promises amazing results at the low low price of about 2 1/2 times what it'll cost us if we just figure out a coupla ways to treat people like people instead of using them as political theater props in order to turn their hardship into corporate profit.

No soul and no honor.

Monday, June 16, 2014

How It Works



Ya gotta look after the people who're looking after the business, Meg.  The only thing your bonus gets you is a little extra insulation; an added layer of "security" against the inevitability of a vengeful mob coming to take whatever they want once they realize they have nothing more to lose.



Doing it right is important, but doing it right for the right reasons is everything.

Monday, April 21, 2014

Cuz It Works

Mostly, there's a buncha smart people running the businesses that run the world.  And mostly, these smart people make smart decisions, and (again, mostly) they decide to spend something like half a trillion dollars every year on advertising.  We think that's about right, but nobody's real sure anymore because the outfits doing the spending stopped talking about it openly several years ago, and the outfits that try to keep track of it have come to understand that the information is pretty valuable, so if you wanna know about such things, you get to pay for it (it's all about "The Analytics", dontcha know).  So the rest of us - well, we're just kinda shooting in the dark.

Anyway, smart people spend a fuckload of money on advertising - because it works.

Tuesday, January 07, 2014

By The Numbers

Not that it'll matter one little bit, but hey - I'm in full Quixote mode, so fut da wuk.
The success of Costco, Trader Joe’s, QuikTrip and Mercadona, Spain’s biggest supermarket chain, indicate, [business professor Zeynep Ton] argues, that well-paid, knowledgeable workers are not an indulgence often found in luxury boutiques with their high markups. At each of the aforementioned companies, workers are paid more than at their competitors; they are also amply staffed per shift. More employees can ask customers questions about what they want to see more of and what they don’t like, and then they are empowered to change displays or order different stock to appeal to local tastes. (In big chains, these sorts of decisions are typically made in headquarters with little or no line-staff input.) Costco pays its workers about $21 an hour; Walmart is just about $13. Yet Costco’s stock performance has thoroughly walloped Walmart’s for a decade.

Thursday, October 10, 2013

Prophecy

From Paddy Chayefsky's Network (1976):



ARTHUR JENSEN:
"And I have chosen you, Mr Beale, to preach this evangel."

HOWARD BEALE:
"Why me?"

ARTHUR JENSEN:
"Because you're on television, dummy."

hat tip = Democratic Underground

Wednesday, July 31, 2013

Tea Party Logic

via Wonkette:
“I am upset at the cost” [$2.4 million], Representative Giovanni Capriglione, a Tea Party Republican from Southlake, told the Star-Telegram. “I think we need to remember why we are having this extra special session. One state senator, in an effort to capture national attention, forced this special session.
“I firmly believe that Sen. Wendy Davis should reimburse the taxpayers for the entire cost of the second special session. I am sure that she has raised enough money at her Washington, D.C., fundraiser to cover the cost.”
Because "democracy" should be available only to those who can pay the admin costs out of their own checking accounts, or of course, from the slush fund they set up in the shell organization hidden in their Super PAC.

Friday, June 14, 2013

Today's Best Blog Line

From Charlie Pierce at Esquire, talking about the new scam going on in Big Insurance:
"Give them a suit with rubber pockets and they'd steal soup."
Here's the article Charlie's referring to, at NYT DealBook:
These complex private deals allow the companies to describe themselves as richer and stronger than they otherwise could in their communications with regulators, stockholders, the ratings agencies and customers, who often rely on ratings to buy insurance.
What gripes my ass the most is that these boneheads are busy all the time coming up with new ways to game the system, which fucks everybody over, which tends to make normal people more than a little reluctant to be willing participants in being fucked over  - these are the same guys who show up on CNBC and DumFux News to piss and moan about how there's way too much "uncertainty in the market place", and gee, if only Obama would just get outa the way blah blah blah.

So, while we're conveniently distracted - Eddie Snowden, George Zimmerman, Darrel Issa's Clown Parade et al - we're not paying attention to another potentially massive collapse.

No soul and no honor.

Tuesday, March 19, 2013

Today's Vocab Term

Rent Seeking (per Wikipedia)
A simple definition of rent seeking is spending resources in order to gain by increasing one's share of existing wealth, instead of trying to create wealth. The net effect of rent-seeking is to reduce total social wealth, because resources are spent and no new wealth is created. In a theoretical context, it is important to distinguish rent-seeking from profit-seeking. Profit-seeking in this sense is the creation of wealth, while rent-seeking is the use of social institutions such as the power of government to redistribute wealth among different groups without creating new wealth.[1] In a practical context, income obtained through rent-seeking may of course contribute to profits in the standard, accounting sense of the word.
Since Rent Seekers add nothing to the actual effort required to create wealth, it's not a matter of doing the work, and deriving the great satisfaction of having done something worthwhile - it's all about having the power to buy somebody else's effort and claim it as your own.

And as long as we accept the bullshit view that the world has to be all about purely Darwinian Economics, we perpetuate a climate in which these destructive predatory schemes are not just tolerated, but encouraged and admired.

There is something immoral about the kind of system Rent Seeking engenders - something we feel deep down in our bones.  Which is why every society (eventually) revolts against it.