Comment by have_faith
6 days ago
> Scalpers are optimizing the market.
This is sort of applying the same logic that justifies high frequency trading except in this particular case, the market overlaps with the arts.
Society at large values "fairness" in a hard to define but culturally important way and "let the free market determine the price" for access runs counter to that I think in many peoples minds.
I think it's generally very easy to come up with various solutions that solve the problem, that all likely reduce the profit made by intermediaries like ticketmaster, it's purely political will and people kicking up enough fuss to implement it.
Not to mention the market is tiny, a few thousand seats at most.