Ticketmaster’s monopoly proves once again that market failure is a real problem

Ticketmaster is the perfect way to demonstrate to Libertarians that the unchecked free market doesn’t end up providing the best service for everyone. What you end up with is powerful companies running profiteering rackets, and using their status to keep out competition. If companies had their own way, their customers would have no choice about using them, and would still get screwed.

— Reddit commenter seladore, noting that Ticketmaster is a good example of how monopoly markets can ensue from a lack of oversight and regulation.

 

Andrew Villeneuve

Andrew Villeneuve is the founder and executive director of the Northwest Progressive Institute, as well as the founder of NPI's sibling, the Northwest Progressive Foundation. He has worked to advance progressive causes for over two decades as a strategist, speaker, author, and organizer. Andrew is also a cybersecurity expert, a veteran facilitator, a delegate to the Washington State Democratic Central Committee, and a member of the Climate Reality Leadership Corps.

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