Liberty! What Fallacies Are Committed in Thy Name!/monopoly rents

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In the real world, "monopoly rents" and "abnormal rates of return" are known as "acceptable profits", and serious investors have a word for someone who proposes to start a company in a field without barriers to entry. That word is "idiot", usually followed by remarks on the order of "Why are you wasting my time with crap?"
Cosma Shalizi, "Liberty! What Fallacies Are Committed in Thy Name!"