2 ms·
Yachts aren't inherently scarce, they're just expensive to build and maintain. With more money, more yachts can be built. With more money, you can't build more
by xnorswap 4y ago
Yachts aren't inherently scarce, they're just expensive to build and maintain. With more money, more yachts can be built.
With more money, you can't build more Biebers.
And given that music is especially easy to copy with the internet, it doesn't follow that their popularity will decline, it simply means that fans will be limited to only watching via TV or the internet rather than being able to attend concerts.
Likewise with sports and sports teams.
- macinjosh 4y agoYachts aren't scarce? I've never seen one just lying around! Sorry I am missing your point there. Money is the means to prioritize needs in a world of scarcity. If everyone just had more money it would instantly become worth less (not worthless). You are conflating the live entertainment market and the recorded entertainment market. People will still want to see live music even if it is not some blockbuster name. Besides, when the rubber meets the road every big name concert I've been to at a stadium size venue is essentially the same as watching a recording because you just watch the big screen anyways. If you really want the best live experience you just book the artist for your birthday gala. Do you think we should all be able to do that too?
- xnorswap 4y agoNo, yachts aren't scarce. If there was greater demand for yachts then people could build more yachts and increase supply. They are expensive, but that is different to scarce. They especially aren't inherently scarce, which is what I actually said. You missed out the most important word. There is a natural scarcity to top sports teams or top music artists. Artists can't be cloned and there can only be one champions league final each year.