Technology Makes Life Pricey

Technology Makes Life Pricey
technology

One of the common perceptions about the power of the web is that it can break down established trade practices and make distribution more democratic while reducing the price of goods and services. The Guardian Music blog points to an example of where the web can actually do the opposite: ticket touting

Piers Fawkes, PSFK
  • 14 may 2007

One of the common perceptions about the power of the web is that it can break down established trade practices and make distribution more democratic while reducing the price of goods and services. The Guardian Music blog points to an example of where the web can actually do the opposite: ticket touting. Prince is planning his farewell UK tour and was trying to offer his fans low-cost tickets at £31.21 for a night at the 7 night residency at the O2 Arena. The problem, it appears, is that the tickets were snapped up by touts (pro and amateur) and are for sale at prices much, much higher than the original price. The Guardian says:

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