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by nervousvarun
1307 days ago
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This has been discussed a few times before (see link below). It's difficult to do a TLDR for such a complex issue, but from what I remember the biggest problem seems to be that Ticketmaster is extremely vertical to the degree it either owns or has exclusive contracts with venues. Seems like a pretty strong argument that they have a monopoly (so gov. regulation might be the only way to change anything). https://news.ycombinator.com/item?id=18025209 |
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Every freshman-level economics 101 course when discussing the basic mechanisms required to have a functioning free market has "no monopolies, no cartels, no anti-competitive agreements between market participants" as necessary conditions.
But functionally, in America today, the Republicans are happy to have money-printing monopolies because their donors are profiting. And the Democrats are happy to have money-printing monopolies because their donors are profiting and large stable incumbents are easier to control with regulation than many small, changing entities.
In a better world, we'd break up the monopolies, and have thousands middle-class-owned small-businesses operating competitively, rather than one corporation.