points by senordevnyc 3 days ago | 0 comments
Changing how you sell your own products is not "manipulating economic conditions" whatsoever. If it was, that would mean that every business in the history of commerce has engaged in it.
As for the laws on underage gambling, countries all over the world are outlawing that, suing gaming companies, etc. The public is not in favor of underage gambling, and it's unclear to me how banning it increases the wealth of these companies? So I think the onus is on you to explain how this is an example of rent seeking.
[–] doctorwho42 2 days ago
[–] senordevnyc 2 days ago
In economics, rent seeking is the pursuit of economic gains through the exploitation of existing advantages rather than through productive activity
No, it’s not, you just made that up. Why doesn’t this match your previous definition?
The rest of your long AI-written comment has nothing to do with the principle of economic rent seeking.
Not sure why I’ve been wasting my time, but I’m out. Peace!
Consider the use of microtransactions, battle passes, paid progression, and downloadable content. These systems often exploit the time, money, and emotional investment players have already made in a game. By deliberately slowing progression, withholding content, or introducing artificial scarcity, companies can encourage consumers to spend more money not because they are receiving a better product, but because they want to avoid frustration or access something they already value. The company is monetizing the player's existing commitment rather than necessarily creating new value.
This does not mean every gaming company or microtransaction is inherently rent seeking. Selling meaningful new content is a legitimate business activity. The criticism is that parts of the modern gaming industry increasingly prioritize extracting revenue from an existing player base over developing better games. When companies use their control over popular franchises and digital ecosystems to extract additional money from consumers who have few alternatives, they exhibit the very characteristics of rent seeking that economists criticize in other industries.