3 ms·
Scalpers only exist in markets where somebody is selling products below value. Without scalpers, the product is distributed by sheer luck like a lottery, or be
by VMG 5y ago
Scalpers only exist in markets where somebody is selling products below value.
Without scalpers, the product is distributed by sheer luck like a lottery, or being well-connected and knowing somebody who has early access to the product.
You can argue that a lottery mechanism or being well-connected is more fair that having the necessary money. There are a lot of people in planned economies where everything from food to housing to transportation works that way, and they would probably disagree.