> Rent-seeking is the act of growing one's existing wealth by manipulating the social or political environment without creating new wealth. Rent-seeking activities have negative effects on the rest of society.
You can see Reddit as a landlord, owning the land (or website) that the value grows on. They don't contribute value themselves, instead they make money by charging rent to everyone who wishes to grow value on their land.
> Rent-seeking is the act of growing one's existing wealth by manipulating the social or political environment without creating new wealth. Rent-seeking activities have negative effects on the rest of society.
You can see Reddit as a landlord, owning the land (or website) that the value grows on. They don't contribute value themselves, instead they make money by charging rent to everyone who wishes to grow value on their land.
1. https://en.wikipedia.org/wiki/Rent-seeking