2 responses to “Spring Week-con 11”

  1. Baird Bream

    I’m curious to know if you feel that it is always fair to equate “want” with “willingness to pay”, as you do in the last line of your next-to-last paragraph. I think your argument is valid in this situation because you’re referring to what is essentially a luxury good; I can’t imagine anyone describing this concert as a literal matter of life or death. I have disagreements over the way BCA sold the tickets, but I agree that it’s legitimate for people scalp the tickets they are able to purchase.

    But what about more basic elements of survival? I know this is far-fetched given the high prevalence of goods, but consider this example. Suppose a chronic drought occurred, putting a limit on the supply of bread and bottled water (let’s also assume that there’s no other way to get water than by purchasing bottles of it). Someone goes to the only store in a small town, which is now selling a limited amount of bread and water. That person buys the entire supply of both and starts scalping it to individuals on the street at greatly inflated prices, hoping to profit. Do you still think this is fair?

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  2. Andrew

    Hello–

    As unfortunate a situation as that may be, It would be a tough call to make. It brings to mind the idea of Social Darwinism (whose principles I am yet to make my own opinion on). While it would be hypothetically legal to do something such as this, is it humane? Probably not. It is difficult to put a price on survival. However, if the supermarket allowed the food to be sold in such a way (ex. the BCA selling the tickets), once it is sold, it is private property (as it is for the supermarket before sale, but in a different sense). I would only hope that some sort of rationing or relief could be provided in such a situation!

    I agree with you with your differentiating between “want” and “willingness to pay.” I do not think it is far-fetched to think that most people have wants but lack the will to pay (I would love a BMW!). Matters of life or death, however, warrant reconsideration. Thank you for your comment, and thank you for reading!

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