^ Yep, the Shkreli method. I like to believe that someone can change and grow, for his sake I hope that his legally sponsored vacation has helped him learn not to be a predatory scumbag.
What a great example.^ Yep, the Shkreli method. I like to believe that someone can change and grow, for his sake I hope that his legally sponsored vacation has helped him learn not to be a predatory scumbag.
You are correct ... and incorrect at the same time.
Let’s do a thought experiment...
1. Pipestud has a rare Barling for sale
2. Sablebrush52 wants it
3. You want it
4. Hoosier want it
You all get into an auction and the highest bidder wins it. That is a perfect example of the buyer determining the price
Another example ... cosmic has aged his Virginias in his cellar for many years. He wants to sell it at a premium because of the effort and time. Mso thinks it is worth and buys it. Another good behavior.
Now think ... SmokingPipes has 5000 Peterson pipes for sale, at an average price of 100$. Brobs writes a bot to scrape SmokingPipes site and buy all of them. Then he sells at 500$ a piece. There was no scarcity in Peterson pipes at all - That is price gouging. Morally unjustifiable.
Finally let’s say, a robber raids the SmokingPipes warehouse and steals all 500 Peterson pipes, and sells them at 50$ each. That is also morally unjustifiable.
Depends on the Pete. I’ve paid more than $500 for a sterling silver windcap. Seen plenty of obscure Pete’s go for big $$$ (original Amber stems, Mark Twain’s, etc). Plenty of folks forked out $200+ on some of those Smoking Pipes 20th Anniversary, (they also sold out within 24 hrs) the initial allotment of POY 2020 sold out within three days.The idea of scalping pipes is so far fetched it really doesn't apply here.
No one is ever going to pay $500 for a Peterson pipe.
What would be a problem is if everyone here got together in a secret cabal and bribes all the executives from the top 10 Stummel factories (the closest thing to a bottleneck in global pipe supply) and forces every pipe manufacturer in the world to only buy Stummels through us.
Once you have control of Global Supply that's a different story, but Pipes are such a non-essential (and we have a huge supply of used pipes) that you'd have to keep buying everything for a decade before anyone would be willing to buy a new pipe again.
We have problems with computer parts because producing those is the most technically challenging thing in human history, increasing supply takes billions of dollars and many years of construction, and everyone alive today wants one, and everyone in the supply chain is quite willing to circumvent the consumer market to make extra profit selling stock secretly on the side (further constricting consumer supply).