blog! “Unethical Arbitrage”
I don't understand capitalists. Taylor Swift - the popular beat combo - wanted to sell tickets for her concert. She1 priced the tickets too low. People2 purchased the tickets and resold them at a higher price - up to $28,000. Tay-Tay's fans3 purchased the higher priced tickets. And there was much wailing and gnashing of […]
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#capitalism
@Edent isn't all arbitrage unethical
@jesopo yeah - that example feels more morally grey from the perspective of the game publisher. Mostly though, I was picking that example since it’s working with something there’s an unlimited supply of, so there’s no incentive to try and corner the market in order to drive up prices.
@tom good point!
@Edent AIUI, in many cases the scalpers are working with/for the artist or promoter. It’s a workaround for the problem that selling tickets for the market price would make the artist unpopular, since that price would be excessive. Companies like Ticketmaster basically provide the service of being widely hated, allowing others to make more money without being blamed for high prices.
Unethical Arbitrage Blame Deflection Services? 
