4 ms·
>resellers exist because the listed price is much lower than the price people are willing to pay. This is such a copout, resellers inflate the price. >yookay
by lawlessone 11mo ago
>resellers exist because the listed price is much lower than the price people are willing to pay.
This is such a copout, resellers inflate the price.
>yookay government's crusade to outlaw all useful economic activity continues apace.
How is scalping a useful economic activity?
What new value is created for concert goers or artists/venue by for example buying up loads of Taylor Swift concert tickets and selling them at a marked up price?
No value is added by paying a huge extra margin to rent seeking scalpers.
Not everything in the world has to be a stock market.
>SCARCITY IS A FUNDAMENTAL ECONOMIC FACT.
>scalpers are economic heroes.
Lol, the tout is crashing out.
- _dain_ 11mo agowhy must we believe that the resellers "inflating" the price, instead of the initial price being "deflated"? there is no Platonic "true" price here. the ground truth is what individual people are willing to pay.
- lawlessone 11mo ago>the ground truth is what individual people are willing to pay. This kinda seems like it's just putting an ideology before people. Markets and money are just tools for human benefit, don't turn your wrench into a religion.
- hypeatei 11mo agoThe people willing to pay those prices inflate them. I could buy a $1k car and list it for a million dollars tomorrow. If no one buys it, then it's not worth $1M. If someone does, then it's worth that amount.
- WheatMillington 11mo agoYou're ignoring the effect of scalpers, who dramatically increase the demand and thereby drive the secondary price up. It's self-fulfilling.
- hypeatei 11mo agoHow do scalpers create more demand? The demand is from people wanting to see the concert, no?