| The only value they add is amplifying the scarcity. How it normally works is this: * Some person sells something locally for $x * There is demand outside that location for the same product * Someone buys the product locally for $x and sells it elsewhere for $y > $x * Customers are provided access to a product they would otherwise not be aware of or not have access to, the reseller makes money from the margin, the producer can produce and sell more product, everybody wins How it works in this case: * Some person sells something for price $x at a limited quantity * Someone buys up all the product for $x and resells it for $y > $x * Customers are prevented from accessing the product at the original price, the reseller makes money from the margin, the producer doesn't gain any advantage, only the reseller wins Can you honestly not see how this is different? It's morally bankrupt because it offers no value to anyone and entirely profits from the charity of the producer who sells a product below market value. And in the worst case the reseller ends up with tons of unsold product and is forced to dump it later or even throw it away completely (which depending on the margins may still turn a profit overall). |