What is 'Rent-Seeking'?
"Rent-seeking is an individual's or entity's use of company, organizational or individual resources to obtain economic gain without reciprocating any benefits to society through wealth creation. An example of rent-seeking is when a company lobbies the government for loan subsidies, grants or tariff protection. These activities do not create any benefit for society but merely redistribute resources from the taxpayers to the company."
Biting the hand that feeds IT
