YOUR CLARK LINK: https://clarkwp.wpengine.com/landing/... Rent-seeking is a behavior that describes the tendency of people to seek profits without doing any real work. This reduces economic efficiency through the misallocation of resources. Rent-seeking also hinders wealth creation, reduces government revenue, increases income inequality, and potentially leads to national decline. Support us on Patreon ➜ https://bit.ly/3MqY00D DOWNLOAD Video without ads and background music ????: https://sproutsschools.com/video-less... Join our mailing list and don't miss a new video from us ????: http://eepurl.com/dNU4BQ SOURCES and teaching resources ????: https://sproutsschools.com/rent-seeki... VISIT our website : www.sproutsschools.com CONTRIBUTE by upvoting your favorite topic or suggesting new topics: https://sprouts.featureupvote.com/ THANKS to our Patrons This video was created with the support of our Patrons: Adam G, Andrea Basilio Rava, Angela, Badrah, Bettina Kind, Bob Wilkerson, Broke, Cedric Wang, Daniel Kapuschinsky, Daniel Kramer, David Markham, Deepak Kamlesh, Denis Kraus, Don Bone, Enrique Arellano Farias, Esther Chiang, Gatsby Dkdc, Ginger, Hal Beltran, Jeffrey Cassianna, Johan Klassen, John Zhang, Jonathan Schwarz, Judy Roland, kritik bhimani, Margaret Grace, María, Marq Short, Mathis Nu, Muhammad Humayun, Nancy Bueffler, Raman Srivastava, Raymond Fujioka, Reynir Örn Bachmann Guðmundsson, Scripz, Serge i Kukhariev, Shao Xiang, Stephen, Susan Schuster, Tetiana Gerasymova, Tsungren Yang, Vishruth Harithsa, Wolfgang Vullhorst and all the others. Thank you everyone! To join them, visit www.patreon.com/sprouts COLLABORATORS Writer: Jonas Koblin and Jonas Jacquet Artist: Pascal Gaggelli Voice: Mithril Coloring: Nalin Edits: Peera Lertsukittipongsa Partnership Program Manager: Selina Bador Production: Bianka Sound Designer: Miguel Ojeda SOUNDTRACKS Tarantella - Adieu Adieu Dig deeper with these top videos, games, and resources: Private and Public Rent-Seeking (and Chilean Buses), hear Russ Roberts and his guest Mikel Munger discuss Rent Seeking on econtalk What is Rent Seeking - as Forbes Magazine explains it Evonomics 101 - How we can prevent Rent Seeking Another way to prevent rent seeking and corruption - a real life example SOURCES https://en.wikipedia.org/wiki/Rent-se... https://www.econlib.org/library/Enc/R... https://www.investopedia.com/terms/r/... CLASSROOM EXERCISE Role play with your students: If you have one, find a real-life example of a company engaging in rent-seeking behavior that was recently made public and resolved. Divide your class into company representatives, company employees, and government officials or other key players in the case. Role play the case where officials accuse the company of rent-seeking behavior. How should the company respond? How does this affect employees? What would your students do differently than if the case were resolved in real life?