Wikipedia defines “rent seeking” as:
In economics, rent seeking occurs when an individual, organization or firm seeks to earn income by capturing economic rent through manipulation or exploitation of the economic or political environment, rather than by earning profits through economic transactions and the production of added wealth.
So, you tell me, if this company is “rent seeking”:
We access funding for international projects using government support from U.S., European, Asian, and Multilateral Developmental Institutions .
In other words, using political connections to profit, not adding wealth as a by product of their economic transactions.
Hold on… let’s add some more to this tale:
The original company was founded by Tim Bridgewater and Neil Bush to focus on business relationships between the U.S. and Southeast Asia. Today we have business relationships and a focus that has broadened to include Latin America, Africa, Middle East, Eastern Europe, and the former Soviet Union.
Oh, a PRESIDENT’s son and BROTHER founded the firm. But it isn’t preying on political connections. Nope.
Who is the other founder? Tim Bridgewater. He is running for Senate in Utah.
He’s the candidate that reportedly dealt with the devil to gain a temporary lead in the delegate counts. What was the deal Tim? A cushy gig for Bennett’s son? Will Utah’s sophomoric media even ask?
If Utah jumps from Bennett to Bridgewater we probably won’t be changing much.
What a political class and state we have. The true conservative was ousted because she was a woman. The only conservative in the race is a lawyer (like we don’t have enough of them running around D.C.). And the front runner is a rent seeking DC insider that runs a business raking off a take from government financing of “green” investments outside the U.S.
Sigh… this would be funny if it weren’t so damn sad.