What is "power rent-seeking space"?

Power rent-seeking refers to individual capital, which is an unproductive activity in which public rights holders use power as a bargaining chip to seek their own economic interests. Rent-seeking power is to commercialize power, or take power as capital, participate in commodity exchange and market competition, and seek money and material benefits. That is, the so-called property rights transaction, money transaction, power transaction, power transaction and so on. Power, like land, industry and capital in material form, has been materialized here, transformed into commodity currency, and entered the link of consumption and wealth appreciation. The benefits brought by power rent-seeking become the motive force or pollution source of power corruption.

Extended data:

A basic conclusion of economics is that rent-seeking is a pure wealth transfer activity or unproductive activity. In other words, rent-seeking activities do not create any wealth. Therefore, even from an economic point of view, such activities should not be encouraged, but must be stopped. What's more, this pure wealth transfer activity usually means that the powerful groups in society plunder the weak groups, so it is easy to lead to social inequality and the contradiction of interest distribution.

Power rent-seeking generally involves the vital interests of the masses, which is the focus of people's attention and has become an unstable factor in social development. In addition, rent-seeking activities will objectively undermine the basic rules of the market economy. Therefore, it is very necessary to control the rent-seeking behavior of power.

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