Yeah…that’s not capitalism….
Yes it is. Literally the definition.
Companies buying tickets with no interest in using them - and utilizing advantages actual consumers don’t have in getting the tickets - is not capitalism.
Again, it totally is. The grocery store you go to gets a better wholesale price on asparagus than you could as a private consumer and they also have no interest in eating the asparagus themselves. Your framework throws away 98% of commerce.
Or let me put it this way: non regulated capitalism
Oh, good, you get it: this is capitalism and everything you've said so far is hogwash. Always good halfway thru a post to tell people to ignore everything you've said so far.
. . . is not something we want for concert tickets anymore than anything else. We have laws to combat monopoly practices in any number of sectors but ticket sales should have no regulation?
I want the 2025 Toyota Prius to cost $3. It would be sweet -- what laws should we enact to make sure I get to pick how much things cost?
There is such a thing as consumer protection and it should extend to concert ticketing.
Concur. If you buy tickets for a cost you consent to and you get no tickets, that should be against the law. You let me know when that happens and I'll join you with pitchfork and torches.