Submitted by Andosphere t3_ywik4m in videos
variedpageants t1_iwle7og wrote
Reply to comment by fridgeridoo in If Ticketmaster was a bartender by Andosphere
Serious question: why doesn't the market fix this?
Why isn't there another company that undercuts ticketmaster but just a little? That would (I would assume) create a "race to the bottom" between ticketmaster and that other company, reducing prices.
IIdsandsII t1_iwlp7do wrote
go ahead and start a competing company, see what happens. it's literally impossible for a number of reasons that i'm not going to get into.
[deleted] t1_iwlpuax wrote
[removed]
IIdsandsII t1_iwlqiiw wrote
the answer you're looking for is that they maintain a monopoly. you could have easily googled that. if you still don't understand why a monopoly is insurmountable in a free market, then you need to go read about it.
variedpageants t1_iwlr2x5 wrote
> you could have easily googled that.
Maybe.
But another equally valid option is for me to use A DISCUSSION FORUM where people (you're not going to believe this) have discussions.
It is okay to ask literally any question ever in any thread on any topic on reddit. It's okay. There's nothing even a tiny bit wrong with doing that.
(a) you misinterpreted what I said (and now you're embarrassed that I called you out)
(b) you made a snarky response that makes you look like an asshole.
Now you're trying to defend both of those by saying I could google it. Nah. I'm gonna wait for a non-asshole to show up and have a polite discussion with them.
imafraidofmuricans t1_iwm58yd wrote
Because: you can't just start a company without capital. Then you have to try and buy your way in, and Ticketmaster has huge capital to waste on making sure you don't.
Like, what are you going to do? Show up outside a venue and ask kindly if they'll let you sell the tickets on your entirely unknown website?
The thing free market enthusiasts like to ignore is that all free markets tend towards monopolies. Because more money means more power. More power means more money. It will A L W A Y S end in monopolies.
The very function is that companies will fail, and the ones making the most money don't fail and will always be the only one left.
It's amazing really how so many don't understand such a basic concept.
variedpageants t1_iwneybp wrote
> you can't just start a company without capital.
...but that would be a problem for Ticketmaster too??
How did Ticketmaster get started??
My question isn't about starting a company. It's why nobody else has started one.
> you have to try and buy your way in, and Ticketmaster has huge capital to waste on making sure you don't.
This is what I'm wondering about. How exactly will they "make sure"
Mharbles t1_iwmwkp9 wrote
The only way the market fixes this is if consumers stop buying. They won't.
deftkillerstu t1_iwn5ln8 wrote
Because Live Nation the parent company also controls the venues too. So you can’t just start a ticket company to get around ticketmaster.
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