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I think we have a duty as consumers not to reinforce anti-consumer behavior, when at all possible.
by BobaFloutist 3y ago
I think we have a duty as consumers not to reinforce anti-consumer behavior, when at all possible.
- kimbernator 3y agoHigh prices and high profit margin are not in and of themselves anti-consumer, otherwise every luxury brand would be considered anti-consumer. If people will buy the tickets at the prices marked, why should they lower them? If they push prices high enough that the demand curve starts to dip, they will rationally correct for that. The only anti-consumer force at play is the monopoly power Live Nation is granted to dictate the price of tickets. There's very little that can be done via boycott when it comes to monopolies.
- bonestamp2 3y agoUnofficially, sure. But officially, the FTC is in charge of protecting consumers from abuse. I'd love to see them step in and regulate this space.