I am not assuming competition. The fact of the matter is that people are paying these prices for tickets regardless of who is selling them. Nobody needs to go see Taylor Swift to live (in spite of how some people feel) and yet they are still shelling out for these absurd markups on resale tickets. That’s what I am saying here. People are willing to pay what these tickets are being sold for, so that is their value.
So by “value” you mean “extorted value” and not “fair market value”. Right? So it’s bullshit. And look, many things are not “necessary” in life. Bit that doesn’t mean we should let scammers steal our money. It doesn’t justify their massive theft & fraud operations… At least, those are my values. What are yours? Do you think corporate scams should be unregulated, because fuck the poor suckers who fall for them?
Your economics argument assumes competition where there is none. Alas, it is unsound.
I am not assuming competition. The fact of the matter is that people are paying these prices for tickets regardless of who is selling them. Nobody needs to go see Taylor Swift to live (in spite of how some people feel) and yet they are still shelling out for these absurd markups on resale tickets. That’s what I am saying here. People are willing to pay what these tickets are being sold for, so that is their value.
So by “value” you mean “extorted value” and not “fair market value”. Right? So it’s bullshit. And look, many things are not “necessary” in life. Bit that doesn’t mean we should let scammers steal our money. It doesn’t justify their massive theft & fraud operations… At least, those are my values. What are yours? Do you think corporate scams should be unregulated, because fuck the poor suckers who fall for them?