Why does Stiglitz see rent seeking as destructive? Who benefits from rent seeking? Wh::tt are its economic consequences, and wby? What does he see as its impact on society, and what is the...

Why does Stiglitz see rent seeking as destructive? Who benefits from rent seeking? Wh::tt are its economic consequences, and wby? What does he see as its impact on society, and what is the relationship between economics and social life in generaP Why is Stiglitz skeptical about the power of the market to conect itself? Would it be fajr to say that the problem of rent seeking can be solved only by political means-chat is, through government intervention? Wby has government failed to intervene, and what steps does Stiglitz recommend to restore a balance between outcomes and opportunities?