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Originally Posted by irateplatypus
Question to TFP...
Is it ethical to buy a high-demand system purely for the purpose of immediately reselling it for a higher price? I've never heard of the practice being out-and-out illegal (though I doubt many of those who do it report it on their income taxes), but there are many things that are both legal and ethically dubious.
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If you determine that buying something for a lower price than you sell it is unethical, then you are taking a stand against capitalism. You don't think the store bought that PS3 for $600 do you? If the market is willing to pay for it, and it's not a vital item, then there's nothing unethical about it. We're talking about a video game - no one needs one to live.
now if someone came out with a cure for cancer and priced it at a million per pill, that would be unethical as all hell because it would literally be profiting off of a life and death situation - - - sorta like grabbing the guy that's falling off the cliff but not pulling him back up until he agrees to pay you a lot of money
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Originally Posted by filtherton
I think that they're douchebags because they're buying up products and jacking up the prices thereby ensuring that a whole bunch of people won't be able to buy those products. The people who buy the consoles at inflated prices are douchebags because they're tools.
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No, the "douchebags" are the video game manufacturers who, knowing that demand will be high, release 5 per store. If you flooded the stores with the systems then you'd eliminate the market for the scalpers.