2min chapter

The Joe Walker Podcast cover image

Deaths Of Despair And The Future Of Capitalism — Angus Deaton

The Joe Walker Podcast

CHAPTER

The Importance of Rent-Seeking

The main message of the book, if I had to condense it, would be we must end rent seeking. But it's very hard to see how you do that in America. So what are some ideas for renting in rent seeking? Well I've talked to various members of Congress who agree with the analysis. They say you have to control campaign finance but I don't know. Members of Congress spend 80% of their waking hours on the telephone trying to raise money.

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