Economic illiteracy.

[matgb]

Economics should be taught at a basic level right from age 11. Understanding the ruules of supply, demand, a free market and a free economy are essentials to get on in the modern world. Otherwise?

You get this sort of thing. Still, it killed time while I was eating lunch.

You either believe in a free society with markets, or you want a command/control economy where everything is fair and there's no dynamism or diversity. This little socialist gets it, why can't the 'normals'? Seriously, there are some obtuse people in there. Apparently, touts are killing live music? WTF?

ETA: Link fixed. OK?

Comments

[thapunkprincess.livejournal.com]

Okay, read the link. I should get into touting, seems like easy money. Who fucking cares if the fans of some shit band get upset? Not me. Vilifying touts falls right into the hands of the record industry, who obviously want to keep control of ticket supply and reap the profits. That's 'supply and demand' for yer - who demands and who supplies.

[matgb]

Aye, just reread again, and there are more comments, and some of them are beyond parody. "It's wrong, it's not fair when I can't afford a ticket, it denies real fans the chance to see the band..."

Because of course only fake wealthy fans pay £80 for a £20 ticket. FFS. Wrong target of ire, again, and people fall for it every time.