The G Word with Adam Conover – Rent-Seeking in Weather

When companies engage in rent-seeking behavior, they are engaging in behavior that is intended to increase their wealth without a subsequent increase in productivity. Private weather companies use government-funded data and resell that data as if it were proprietary. The same companies have also engaged in lobbying efforts to reduce competition from the National Weather Service and prevent the agency from acting as a substitute.

Leave a Reply

Up ↑

%d bloggers like this: