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>but people have a visceral negative reaction to arbitrageurs since they didn't do anything to "earn" their profits I don't think there's anything wrong with g
by ue_ 10y ago
>but people have a visceral negative reaction to arbitrageurs since they didn't do anything to "earn" their profits
I don't think there's anything wrong with getting money that you didn't earn (so long as you're not exploiting people, as the bourgeoisie do); I do think there is something ethically questionable about forcing (I use the word 'forcing' to refer to the idea that within the confines of show-going, it is the only available choice) people to pay 3x more for something out of greed.
- lixquid 10y agoBut.. they are exploiting people. That's literally what they are doing; expecting people to purchase these tickets at a higher cost for the simple reason that supply is short.
- pitt1980 10y agothat's every market you purchase anything in
- chillwaves 10y agoArtificially short by scalpers driving up demand.
- r7000 10y agoScalpers neither increase nor reduce total demand. Scalpers are not going to the event themselves.
- metaphorm 10y agothe supply is short is the reason the price is high. that's not really exploitation of the people buying. they get what they paid for at the price that they were willing to pay. there's a structural issue here, which is that the world isn't a very fair place and it sucks to be poor. this ticket market situation is not really an example of exploitation though. nobody is being coerced into buying something they don't want, or not getting what they pay for.