Quote:
Originally Posted by afc wimbledon
Scalpers buy a share in a concert effectively, it's utterly the same as buying a stock in a company, neither of them do a damn thing to improve the product, they both just speculate on the potential increase in value, you and I have to pay more for our purchases so that the shareholders can get their dividend, it's completely the same as a scalper. It is all, as Marx put it, fictitious capital.
|
You've given a decent defence of your position (other than the inane bar band comment), but to compare the ticket scalping system as "utterly the same" (as above) or "no different" (a prior post of you in this thread) from the stock market is missing the biggest piece of the puzzle: There would be no stock market today (and by that I refer to the many regulated exchanges) as we know them without heavy regulation. The regulators intervene regularly to ensure, as much as they can, a fair playing field. Abuses abound but its far different now compared to the 1920's for example.
The ticket process is fully unregulated and is sort of like a stock exchange where the rules are fixed by the players who can most position themselves to profit.
But I'm with you that since its a luxury item, I'm not as concerned.