rentes (des grandes entreprises/institutions)

English translation: economic rent

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

French term or phrase:	rentes (des grandes entreprises/institutions)
English translation:	economic rent
Entered by:	Diana Huet de Guerville

12:58 Nov 18, 2016

French to English translations [PRO]
Social Sciences - Economics

French term or phrase: rentes (des grandes entreprises/institutions)

Hello,

I'm translating an academic paper on the collaborative economy, and I'm stuck on the term "rentes" in a section on cyberculture.

Here are a few excerpts to give some context (the term appears three times):

"Selon Fred Turner (2008), le développement d’internet a été marqué par la contre-culture hippie apparue dans les années 60 aux Etats-Unis, dont les idéologies –d’abord libertaires et communautaires puis libertariennes- se retrouvent dans le développement des nouvelles technologies du web et plus largement de la Silicon Valley. Turner illustre ces évolutions et hybridations à travers l’histoire de Stewart Brand, ancien hippie, militant environnementaliste, journaliste, homme d’affaires et aujourd’hui figure de pointe de la Silicon Valley. Dans son analyse, Turner décrit l’émergence d’un monde qui refuse les formes de régulation et **les rentes** des grandes entreprises bureaucratiques, symbolisées dans les années 70 par IBM. On assiste alors à un renouveau de la pensée libertarienne qui s’appuie sur la liberté d’action de l’individu dans un marché libre, dérégulé, débarrassé des monopoles et de l’intervention de l’Etat."

and "Les entrepreneurs de l’économie collaborative empruntent à l’idéologie de la contre-culture américaine une volonté de changer le monde et de casser les **rentes** des grandes institutions établies (Etats et grandes entreprises). Cette perspective est caractéristique d’initiatives explicitement disruptives telles qu’Uber (dont le fondateur Travis Kalanick se revendique explicitement de la philosophie libertarienne d’Ayn Rand) ou Airbnb, mettant en avant une vision entrepreneuriale et libérale, n’hésitant pas à prendre à revers les régulations nationales ou à s’attaquer à des positions qu’elles considèrent comme des monopoles de **rente**.

Any ideas? Given the context I'm not sure that any of the standard glossary terms apply. I've already spent so much time looking into this that I can't think straight anymore!

Thanks in advance.

Diana Huet de Guerville KudoZ activity Questions: 92 (7 open) (3 without valid answers) (10 closed without grading) Answers: 12 France
Local time: 19:02

monopoly rents

Explanation:
https://en.wikipedia.org/wiki/Economic_rent

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Note added at 1 hr (2016-11-18 14:16:13 GMT)
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Definition: Monopoly rents are (supernormal) profits earned that result from the monopolist restricting supply to raise price without fear of entry by rivals. They are distinct from Ricardian (scarcity) rents and from Schumpeterian (innovation) rents. Empirically, RENT for monopoly conduct (raising prices, restructuring output) are hard to distinguish from other sources of rents.

Selected response from:

Francois Boye
United States
Local time: 13:02

Grading comment

I ended up using economic rent and monopoly rent, and all the answers were helpful, it's hard to have to give the points to only one person!
4 KudoZ points were awarded for this answer

Summary of answers provided

4 +1

monopoly rents

Francois Boye

rent seeking behaviour (of big corporations)

Daryo

superprofits

B D Finch

Summary of reference entries provided

economic rent

Rob Grayson

Answers

1 hr confidence:

peer agreement (net): +1

monopoly rents

Francois Boye
United States
Local time: 13:02
Specializes in field
Native speaker of:

French
PRO pts in category: 37

Grading comment

I ended up using economic rent and monopoly rent, and all the answers were helpful, it's hard to have to give the points to only one person!

Notes to answerer

Asker: Thanks I came across this one but wasn't sure if it applied or not.

3 hrs confidence:

superprofits

Explanation:
Superprofits is the Marxist economics equivalent of what neo-liberals prefer to call "economic rent". I think it's a more appropriate term than the latter, because it implies disapproval.

https://books.google.co.uk/books?isbn=0198725353
Thomas Pogge, ‎Krishen Mehta - 2016 - ‎Distributive justice
"Economic rent, or super-profits, therefore naturally belong to the owners of the resource, the people. As operators, the companies should be entitled to a “cost-plus” arrangement where they are rewarded for their expertise and capital but not deemed to be owners of the resource."

B D Finch
France
Local time: 19:02
Native speaker of: English
PRO pts in category: 12

Notes to answerer

Asker: Thanks for this suggestion, I like it though I ended up going with the more neutral "economic rent".

7 hrs confidence:

rent seeking behaviour (of big corporations)

Explanation:
the point made is against the tendency of big corporations to ignore real needs of people and instead try anything to lock them in long term dependency on their offering i.e. create a "rent" for themselves.

Peddling nicotine based products is the most blatant case, but far from being the only one.

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Note added at 8 hrs (2016-11-18 21:16:11 GMT)
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Dans son analyse, Turner décrit l’émergence d’un monde qui refuse les formes de régulation et les rentes des grandes entreprises bureaucratiques, symbolisées dans les années 70 par IBM.
=>
.... that rejects ... the rent seeking behaviour of bureaucratised big corporations

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Note added at 8 hrs (2016-11-18 21:19:49 GMT)
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one example of rent seeking behaviour: instead of selling individual software licences with no time limits attached, the current fashion in to sell again and again licences valid for only one year, thus creating a "rent" instead of a on-off income.

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Note added at 8 hrs (2016-11-18 21:21:55 GMT)
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.. instead of a one-off income.

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Note added at 8 hrs (2016-11-18 21:24:35 GMT)
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the kind of behaviour of someone happy to keep selling you electricity at inflated prices, but would never accept to sell you a generator.

Daryo
United Kingdom
Local time: 18:02
Specializes in field
Native speaker of:

Serbian,

French
PRO pts in category: 12

Notes to answerer

Asker: Thanks for the explanation, very helpful.

Reference comments

12 mins peer agreement (net): +2

Reference: economic rent

Reference information:
This might help: https://en.wikipedia.org/wiki/Economic_rent

Rob Grayson
United Kingdom
Specializes in field
Native speaker of: English
PRO pts in category: 16

Note to reference poster

Asker: Thanks I read that entry too but wasn't sure if it applied here or not.

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rentes (des grandes entreprises/institutions)

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