5 times scalpers totally screwed themselves over

[DonFerrari]

CrazyGamer2017 said:

DonFerrari said:

No need to make it unlawfull in a free market... it isn't like the supplier can't produce more.

Law of supply and demand... if Nintendo produces more then the scalpers won't be able to charge extra.

I don't believe so, to me the term "free" market make sense if it benefit the citizens that wish to take part in a transaction that benefits both parties. The price of the product that is sold should reflect the value of the product and a higher price should reflect added value, but scalpers abuse that term, they found a loophole to short-circuit the normal cycle of supply/demand, they don't add any value, they block any other choice for the buyer by obtaining all avalable copies of said product and so on... They might as well wait for people that leave stores with stuff they bought and force them to give them money or they take their purchase away from them, which is a crime called assault and robbery, or something. Scalping is the same except the scalper takes the stuff before the buyer can get it in the store.

Now if a company for whatever reason creates an artificial scarcity then said company is clearly part of the problem and should be heavily criticized for it. But that company does not deserve legal consequences for a simple reason: the product belongs to them so in a free market it is their right to sell whatever quantities they want of it, exception made of companies dealing in vital goods such as food but that's another issue.

you can't confuse the value with pricetag. If someone pays 200 for a item that have a 50usd pricetag he values the item for 200 or more and that is why he bought it.

No product value is the sum of the cost of its parts.

Compare scalping to robbery is a very hard reach.

The fault for the existence of scalpers is both supplier that doesn't do their job estimating demand and want their product to look on high demand and enable scalpers to buy and also people that can't keep their desire checked and buy from scalpers.

As much as a company have a right to produce how much they want, anyone have the right to buy it.