4 ms·

Using bots to monopolize the supply and maximize their own profits is rent-seeking by an economic leech, not a service.

• recursive 4y ago
  Supposedly, all rational agents in a capitalist system try to maximize their own profits. If consoles were priced correctly, they wouldn't be able to make any profit by doing this. They'd just have a warehouse full of new consoles and not enough buyers. The fact that it's even profitable means they'll continue to do it. I think there are really only two possible solutions to this from the supplier side. 1. Increase production. 2. Increase MSRP. Trying to regulate away this problem will just lead to more "innovative" scalpers.
  • deleted 4y ago
    [deleted]
  • sorry_outta_gas 4y ago
    If if the ps5 went to $650 or $700 without tax it would entirely kill sony's gaming business if anything microsoft's plan of offering two sku's lowering the price has been more effective
    • recursive 4y ago
      > If if the ps5 went to $650 or $700 without tax it would entirely kill sony's gaming business How's that? If that's what people are already actually buying them for, then people can already afford them.
    • colinmhayes 4y ago
      That's what people are paying though. They can always lower prices when they stop selling out.
  • staticman2 4y ago
    "Supposedly, all rational agents in a capitalist system try to maximize their own profits." Supposedly, the world is more complicated than some stuff you picked up from Econ 101.