Re:A scalper who used bots to buy millions of tickets, now w...
by halflings on Tuesday February 14, 2017 @10:37AM
(#13644209)
Sorry for the iffy analogy, but the first thing that comes to mind is hedge funds speculating over food [1], and the real-world impact that has on poor people that clearly have no say in the game.
Scalpers are making a ton of money by creating an artificial shortage of tickets, not because there were already people willing to pay such a high price. If fresh water would cost $100 tomorrow, I'm sure people will still be willing to pay for it (because they really want it, and that's the only price they can get it for). Doesn't mean that it's fair in any way.
Scalpers are making a ton of money by creating an artificial shortage of tickets, not because there were already people willing to pay such a high price. If fresh water would cost $100 tomorrow, I'm sure people will still be willing to pay for it (because they really want it, and that's the only price they can get it for). Doesn't mean that it's fair in any way.
[1] https://www.theguardian.com/business/2010/jul/19/speculators...