+43
‘Scalping' is a legitimate economic activity, amirite?
by Minute_Permission6901 week ago
On the contrary, they are repricing the goods to reflect their actual scarcity and value in the market Their activity is good for the economy because the price at which they sell the goods/service reflects the real demand for them. Rather than just naively selling it at a constant rate through time. Or by selling it at some stale price you agreed to people 6 months ago In effect the so-called ‘scalpers' are acting maximally efficiently whereas most businesses won't dynamically price good-sevices like this because they fear the hit to their reputation, and are worried about coming across as ‘unfair'
by Minute_Permission6901 week ago
Please explain to me how scalpers taking more money out of the economy by artificially raising prices is actually good for the economy.
by Anonymous1 week ago
Please explain to me how they ‘take money out of the economy'
by Minute_Permission6901 week ago
They aren't spending the money that they get. They're trying to make as much as possible and have it sit in savings accounts.
by Anonymous1 week ago
If you're measuring using GDP, secondary markets are excluded.
by fernzboncak1 week ago
No they're not. They're creating artificial scarcity and that's the issue.
by fernzboncak1 week ago
The people reselling are also providing a service
by Minute_Permission6901 week ago
The problem is that a lot of the time the only scarcity is artificially created by the scalpers themselves.
by Anonymous1 week ago
This is a legitimate economic activity I mean, so is buying up all the chemo medication at cost and reselling it to cancer patients at 5x its current cost. and there is nothing wrong with it Only if there's no ethical quandary around being someone who sells a good who is also capable of creating artificial scarcity by acquiring and withholding that good.
by Anonymous1 week ago
OK, so there may be incidental scarcity of a few minutes which is completely inconsequential
by Minute_Permission6901 week ago
which is completely inconsequential Evidently not. That's why the price can go up.
by Anonymous1 week ago
That's not why the price goes up though lol
by Minute_Permission6901 week ago
Why do the prices go up? Because there isn't a supply of tickets at a lower price? You could say, lower priced tickets are scarce?
by Anonymous1 week ago
You can't be this stupid
by TumbleweedUnique1 week ago
That's literally why the prices goes up
by emarddrew1 week ago
You just seem like a sleeze
by Nnolan1 week ago
This is exactly the class of argument I expect from your typical rabidly zealous anti-scalper
by Minute_Permission6901 week ago
Something is legitimate doesn't mean there is nothing wrong with it.
by YouthMaleficent1 week ago
It is legitimate and also there is nothing wrong with it
by Minute_Permission6901 week ago
How does this activity add value to the concert tickets? It does not, it raises prices while LOWERING the value. This is what distinguishes it from genuine economic labour.
by joshuastanton1 week ago
How does it lower value? It is the same musician - the same concert. lol
by Minute_Permission690 1 week ago
by Anonymous 1 week ago
by Minute_Permission690 1 week ago
by Anonymous 1 week ago
by fernzboncak 1 week ago
by fernzboncak 1 week ago
by Minute_Permission690 1 week ago
by Anonymous 1 week ago
by Anonymous 1 week ago
by Minute_Permission690 1 week ago
by Anonymous 1 week ago
by Minute_Permission690 1 week ago
by Anonymous 1 week ago
by TumbleweedUnique 1 week ago
by emarddrew 1 week ago
by Nnolan 1 week ago
by Minute_Permission690 1 week ago
by YouthMaleficent 1 week ago
by Minute_Permission690 1 week ago
by joshuastanton 1 week ago
by Minute_Permission690 1 week ago