Rent-Seeking Behavior is Sucking Americans and Small Business Owners Dry

Rent-seeking is a term economists use to describe an organization's ability to generate above average economic returns without providing any relative incremental value.

Profit-seeking is the creation of wealth, while rent-seeking is the use of social institutions such as the power of government to redistribute wealth among different groups without creating new wealth. Rent-seeking generally implies extraction of uncompensated value from others without making any contribution to productivity.