In a normal market, prices rise to meet an equilibrium between buyers and sellers. That's called capitalism. You can try to ban it, but should we?
I was recently at an ETF conference in Miami Beach, and one night a few of us noticed that Bruce Springsteen was playing up the road in Hollywood. We kicked around the idea of going, until someone said that ticket prices were likely $1,000 and up for the sold-out event. We went out to dinner instead.
-based Live Nation said. Good luck with that. Here's the main problem: for certain acts, there are far more people who want to go than there are tickets available. Scalpers presumably sell the tickets to willing buyers, and if there are not willing buyers at a certain price, then the price will come down. In a normal market, prices rise to meet an equilibrium between buyers and sellers. Banning markets That's called capitalism.
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