Monday, January 19, 2009

Markets in Everything: Inaugural Parade Edition

Who says capitalism is failing in America?

Inaugural parade tickets on Ebay, $150 to $1400.

Inaugural parade tickets on Craigslist, average price $150-$200.

2 Comments:

At 1/19/2009 12:45 PM, Blogger Matt S said...

Capitalism isn't failing as a whole. Select ideas within capitalism - free market capitalism with few/no regulations - are not doing so well. I think most people understand that capitalism isn't all bad. But like everything else in the universe, there usually needs to be a healthy balance between sheer greed (laissez-faire) and a sense of humanity or protection from greed (regulation, socialism, whatever). Extremes never work out very well.

 
At 1/19/2009 4:11 PM, Blogger @sethstorm said...

If the government was wise enough to do so, they'd have made it very close to impossible to not match up original purchaser with their ID and a non-cash form of payment.

Consider it a means of security to ensure that you have known people there.

 

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