We have some odd ideas about ticket touts in this country. Yet again there is talk in the news of banning their activities. People say things like:
[we see] tickets block-booked by people whose sole aim is to sell on at a profit
But why should tickets be so special in this regard? I'm no economist, but surely they are a scarce commodity whose value will be affected by their scarcity? If there are enough people willing -- indeed, eager -- to pay a thousand pounds to watch Led Zeppelin play a concert, then surely that's a valid price for a ticket? Nobody makes a fuss about other rare items being sold at high prices. And here's an amazing secret: well-known shops like Sainsburys, Woolworths and M&S -- they all bulk-buy goods with the sole aim of selling them on at a profit! Lordy! Quick, to the barricades...
Don't get me wrong: I'm not in favour of what is really quite a grubby, squalid and exploitative trade, but let's please be consistent. Either people explain why concert tickets are qualitatively different from any other good traded in the marketplace -- company shares and houses, for example, which are routinely sold at prices bearing no relationship to their worth -- or they shut up and accept the fact we live in a country with a more-or-less laissaiz-faire approach to business. At least, until such time as we establish a Socialist people's empire (with me as its king)...