Biden might actually do something about ludicrously expensive concert tickets
The government is slated to sue Ticketmaster’s parent company.
Knew he would do something in the election year. It's the one thing all Americans agree on.
We do?
I could care less about the price of concert tickets. Even if I could afford trips regularly, I still wouldn’t. Concerts are like hell to me.
Expensive hell. Not only do you get to suffer, you have to pay heavily for the privilege!
I could care less about the price of concert tickets.
i can see that based on how much you've argued against lowering ticket prices
The most pressing issue
It’s pretty important to bust monopolies, I’d say
Utilities, healthcare, debt, education, foreign aid, environment, tech spyware, freedom of the Internet, insurrection. I got depressed and stopped listing things... I am happy for any kind of a win, but I stopped giving ticketmaster money in 2007. This is so overdue, it's only becoming a priority because Biden thinks he can win over swifties. It's hard to pretend that this should be a priority, at least free us from cable monopolies first.
I just want to get schwifty.
Great now he just has to tackle overpriced cars, and ban corporate home ownership.
Honestly, I care far more about untangling our rat's nest of NIMBY land use laws. As it stands, it's literally illegal to build anything denser than sprawling, low-density suburbs on the majority of urban land thanks to NIMBY policies such as restrictive zoning and arbitrary mandatory parking minimums.
Tbh, the whole "corporate ownership of homes" is a red herring. Shuffling around ownership does nothing if you're not massively expanding supply. And what we need most right now is massively expanded supply.
To add to this Science Vs did a podcast on the lack of affordable housing. It goes into the NIMBYs, the corporate ownership, local laws that make it hard to build multi-family units, and AirBnB. There are a lot of different factors and it might take time to see the results of fixing it because of this.
ban corporate home ownership
ban corporate home ownership
ban corporate home ownership
ban corporate home ownership
:)
This is the best summary I could come up with:
When tickets first went on sale for her highly anticipated Eras Tour in November 2022, fans agonized over hours-long queues and frozen screens before Ticketmaster’s website ultimately crashed.
Ticketmaster’s failure to adequately prepare for that onslaught of demand by underinvesting in the customer purchase experience might have constituted an abuse of its market power, some economists pointed out.
“The Justice Department should have never cleared the [Live Nation-Ticketmaster] merger, because as a vertically integrated monopoly, they have every interest in encouraging prices and fees to go up, and there is no [one] in a position to discipline the industry, either by using an alternative promoter or ticketing agent,” said Tim Wu, a key architect of the Biden administration’s antitrust policies and a professor at Columbia Law.
Regardless of how the DOJ frames its lawsuit, it will have to show that Live Nation Entertainment has engaged in anti-competitive behavior that has stifled competition and hurt consumers by excessively raising prices or offering products of inferior quality.
Some experts, like Fiona Scott Morton, a professor at Yale School of Management and former chief economist at the DOJ’s antitrust division, think the government may have a strong case.
“Ticketmaster is pointing at the undeniable power of others to obscure its own monopolistic role in facilitating the extraordinary growth in both fees and also, to some extent, ticket prices,” Wu said.
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Standards are low. So so so low...
Obviously the only real issue the american government is capable of tackling.
Cool but like... Gaza? When are you going to do something for Palestine.
Biden be like: "Sure what concert do they want tickets to?"
... Could we maybe focus on all the other things that are ludicrously high? Like hey... rent and/or housing prices? I could see some people being pissed if they thought their home value would go down, but fuck the damn rental companies charging sky-high "market rates" for shitty apartments that haven't been improved in over a decade.
That’s how all monopolies work I suppose. That doesn’t make them right
