this post was submitted on 09 Jul 2024
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entertainment

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In 1976, concert tickets cost less than $10. Now, they can go for thousands. What happened? (www.marketplace.org)
submitted 6 months ago by [email protected] to c/[email protected]
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[โ€“] agamemnonymous 19 points 6 months ago* (last edited 6 months ago) (1 children)

Ticketmaster monopolized tickets, Live Nation monopolized venues. They merged. Market economies enable efficient price discovery, when there's competition.

[โ€“] [email protected] 7 points 6 months ago* (last edited 6 months ago)

The government is supposed to bust monopolies. Teddy Roosevelt is rolling in his grave