The Tool Page: Opinion - View Single Post - Tour complaints -- brokers, scalping, etc. (merged)

Quote:

Originally Posted by Kody27

You are all fools. Brokers and scalpers aren't what make the tickets so expensive. As a matter of fact, without a good number of scalpers and brokers, it would be much MUCH harder to even come across tickets to TOOL at a reasonable price. Think about it, the more scalpers there are, the more SUPPLIERS. The price doesn't raise because there are more suppliers, the price raises because of the DEMAND. Thanks to scalpers, they have to compete with one another to sell them for the cheapest, as opposed to there being only one ticket supplier with a monopoly over the entire ticket sales industry, almost i.e. Ticket Master. Does no one see this? If there were no scalpers or brokers, all the tickets would immediately sell out anyway to all the loving fans, and then the other fans would be left out with no way of getting tickets except through someone they know, therefore decreasing the supply and the chances of going to the greatest show on Earth.

This may be the dumbest thing I've ever read. Finish reading Economics for Dummies before you post.

"Think about it, the more scalpers there are, the more SUPPLIERS. The price doesn't raise because there are more suppliers, the price raises because of the DEMAND."

Duh. The only real market for the tickets is people who want to attend the show. There's a finite amount of the commodity from the get-go, and scalpers and brokers enhance that by increasing scarcity, and reducing supply in the general market. Then they inflate the prices without contributing any new value whatsoever to meet the artificially enhanced demand.

Scalpers create artificial scarcity by hoarding the commodity, thereby artificially increasing demand. Just because their hoarding of the commodity enables them to then supply the commodity to meet the artificial, secondary demand (at inflated prices, without having added value), it does not follow that they're doing anyone any favors.