Thursday, February 2, 2012

Crony Capitialism 101 Made Simple Example :Ticketmaster as Legalized Ticket Scalpers

               The principle of a LAISSEZ-FAIRE of government not interfering with the affairs of the economy was long held as the true engine of economic growth until 1913. There is a difference in deregulation and laissez faire. Deregulation is taking constraints off one business interest and passing laws to crush the competition. Laissez faire is government not getting involved at all with the free market. I talked about in the past about the Federal Reserve bank, Monsanto, Wal Marl and General Electric being monopolies were they lobbied to pass laws that crush or stifle their competitors.

               One of the so called crimes interfering with the competition is Ticket Scalping where the seller marks up the price for a profit. I know In tamp Florida a person selling sports or concert ticket can only charge one dollar over the price he purchased the ticket for. If her charges more, they he is arrested for ticket scalping or price gouging. To me this is an interference in the free market. If a person wants to buy a super bowl ticket for double the value to see the game. That is between him and the seller. It is the buyers responsibility to know before hand if the ticket is authentic or not. Ticket scalping is not a crime if the tickets are real and authentic. If someone is selling fakes, then the full force of the law for fraud should bare down on them hard. There are laws on the books to deal with fraud. That cannot be used as an excuse.

              When goverment interferes with the free market. Then a major company like Ticketmaster lobbies state and local governments to make a person who sell tickets for a profit illegal and only allows them to sell only on dollar above original price. If they charge higher. They get arrested for scalping tickets. One the other hand ticket master will buy all the tickets for concerts and sports events at original or discounted rate. Sell them for almost double the price adding on fees on fees and other charges. It is legal for Ticketmaster to jack up the price on tickets, but is is against thew law for us if we do it.

              I believe I should be able to shop for tickets at the best price. I do believe in paying for a service. But when there is no competition. Ticket scalping should not be a crime for one group of people but perfectly legal for Ticketmaster. We need competition back into the market place and goverment stay away from the free market.

1 comment:

  1. I talked about in the past about the Federal Reserve bank, Monsanto, Wal Marl and General Electric being monopolies were they lobbied to pass laws that crush or stifle their competitors.

    In the past? That's implied by the ending of the word 'talked' -- past tense. Were? Where!

    If her charges more, they he is arrested for ticket scalping or price gouging.

    Her? They? He/Then

    If a person wants to buy a super bowl ticket for double the value to see the game.

    Not a sentence. It's a conditional. Replace "." with ","...

    It is the buyers responsibility to know before hand if the ticket is authentic or not.

    Buyer's. 'if the ticket is authentic' -- the 'or not' part is extraneous.

    When goverment interferes with the free market.

    Another conditional. It's not a sentence. Remove '.', replace with ','.

    only on dollar above original price

    One dollar? The entire sentence is awkward and ungrammatical. Rework.

    If they charge higher. They get arrested for scalping tickets.

    Conditional. It's not a sentence.

    but is is against thew law for us if we do it

    thew?

    But when there is no competition.

    Not a sentence. Another conditional.

    We need competition back into the market place and goverment stay away from the free market.

    marketplace -- one word, not two. End sentence after 'marketplace'.

    You have good ideas, my friend. But you really need some help -- or a proofreader.

    I am not trying to ridicule you. I would hope that you make the necessary changes, and delete this comment altogether.

    ReplyDelete