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robertogreco : leeches   2

"Revital Cohen and Tuur Van Balen run a London based experimental practice that produces fictional objects, photographs, performances and videos exploring the tensions between biology and technology.

Inspired by designer species, composed wilderness and mechanical organs, they set out to create posthuman bodies, bespoke metabolisms, unnatural animals and poetic machines."
art  design  cohenvanbalen  revitalcohen  tuurvanbalen  via:bopuc  animals  biology  artificial  bacteria  biotech  biotechnology  bionics  biosensors  sensors  blood  bodies  body  human  humans  brain  memory  cellularmemory  science  choreography  cities  clocks  cooking  cyborgs  documentary  dogs  eels  electricity  ethics  exhibitiondesign  exhibitions  families  genetics  gold  goldfish  heirlooms  immunesystem  immunity  implants  installations  language  languages  leeches  lifesupport  life  machines  numbers  organs  performance  phantoms  pharmaceuticals  pigeons  birds  placebos  poetics  posthumanism  sheep  psychology  rats  prozac  suicide  soap  spatial  serotonine  superheroes  syntheticbiology  video  yeast  utopia  yogurt  translation 
june 2013 by robertogreco
Rent-seeking - Wikipedia
"In economics, rent-seeking is an attempt to obtain economic rent by manipulating the social or political environment in which economic activities occur, rather than by creating new wealth, for example, spending money on political lobbying in order to be given a share of wealth that has already been created. A famous example of rent-seeking is the limiting of access to lucrative occupations, as by medieval guilds or modern state certifications and licensures. People accused of rent seeking typically argue that they are indeed creating new wealth (or preventing the reduction of old wealth) by improving quality controls, guaranteeing that charlatans do not prey on a gullible public, and preventing bubbles."

"A simple definition of rent seeking is spending resources in order to gain by increasing one's share of existing wealth, instead of trying to create wealth. The net effect of rent-seeking is to reduce total social wealth, because resources are spent and no new wealth is created. It is important to distinguish rent-seeking from profit-seeking. 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 implies extraction of uncompensated value from others without making any contribution to productivity. The origin of the term refers to gaining control of land or other natural resources. An example of rent-seeking in a modern economy is political lobbying for government benefits or subsidies, or to impose regulations on competitors, in order to increase market share.
Studies of rent-seeking focus on efforts to capture special monopoly privileges such as manipulating government regulation of free enterprise competition.[2] The term monopoly privilege rent-seeking is an often-used label for this particular type of rent-seeking. Often-cited examples include a lobby that seeks tariff protection, quotas, subsidies[3], or extension of copyright law.[4]"
motive  finance  community  greedheads  rent-seeking  wealth  access  economics  manipulation  politics  leeches  selfishness  greed  guilds  certification  licenses  via:straup  resources  capitalgoods  economicgrowth  growth  allocationofresources  efficiency  monopolies  monopolyprivileges  competition  regulation  ownership  productivity  subsidies 
august 2012 by robertogreco

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