His view is that this is no different from people buying Taylor Swift tickets. In general I am highly sympathetic to this argument. I am not looking to tell people how much to invest or what goods to consume.
Hmm. Now you have me wondering if I should be biting that bullet in the other direction. I do think Live Nation’s practices could qualify as predatory. I guess the difference is that Swift herself has asked fans not to buy at such high (and scalped) prices.
There are several relevant differences. It’s very difficult to spend very large amounts on Taylor Swift tickets while concealing it from your family and friends. There is no promise of potentially winning money by buying Taylor Swift tickets. Spending more money on Taylor Swift tickets gets you more or better entertainment. There is a lower rate of regret by people who spend money on Taylor Swift tickets. Taylor Swift doesn’t make most of her money from a small minority of super whales.
Hmm. Now you have me wondering if I should be biting that bullet in the other direction. I do think Live Nation’s practices could qualify as predatory. I guess the difference is that Swift herself has asked fans not to buy at such high (and scalped) prices.
There are several relevant differences. It’s very difficult to spend very large amounts on Taylor Swift tickets while concealing it from your family and friends. There is no promise of potentially winning money by buying Taylor Swift tickets. Spending more money on Taylor Swift tickets gets you more or better entertainment. There is a lower rate of regret by people who spend money on Taylor Swift tickets. Taylor Swift doesn’t make most of her money from a small minority of super whales.
Thanks for laying out the parts I wasn’t thinking about!