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Originally Posted by JinnKai
I wish more people were like this. It's called being an entrepreneur. The only people pissed are those who wished they had the ambition (and risk taking personality) to do something like this. There is a chance of failure, and it's enough to dissuade most people, myself included.
EVERY COMPANY THAT MAKES MONEY BUYS SOMETHING FOR ONE PRICE AND SELLS IT FOR MORE THAN THAT PRICE. If they didn't, they wouldn't make money. Gamestop doesn't buy those 59.99 games for 59.99.
I think what he's doing is great. Commendable, even.
It's not like he's defrauding a charity, or anything. These are consumers making the free-choice to buy something for what they feel it is worth. That's how buying and selling work.
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That's not strictly true. Nintendo adds value to the raw materials it makes wiis from by turning them into wiis. This guy isn't adding value. He's taking advantage of limited supplies to exercise the prerogative of a monopoly (price gouging). I'm not saying that there was no risk involved -- after all, the items may not have sold, but it's not the same thing as "every company".