It is so nice to see the backlash against Ticketmaster’s monopolistic practices. Two class action suits have been filed in Canada over the past weeks, and south of the border anti-trust alarm bells are ringing due to Ticketmaster’s proposed merger with Live Nation.
Tickets sales have become something close to a natural monopoly, and as such should either have their service charges regulated, or else be nationalized as a ticket distribution utility. My gripes against Ticketmaster go back a number of years, and though my post calling for the nationalization of Ticketmaster was somewhat tongue in cheek, it could be just the thin end of a wedge that turns rapacious monopolists into public utilities.
Given the abuses of monopoly power in Canada, nationalization could become hip and cool again. Once we get Ticketmaster, I want the whole dang internet taken out of the hands of Rogers, Shaw, Telus and Bell.
- Glass-House Mortgages (March 21st, 2013)
- Canada’s Economic Problem is NOT High Wages (August 16th, 2012)
- Canada’s Self-Imposed Crisis in Post-Secondary Education (June 7th, 2012)
- The Rise of the Casino Economy (March 24th, 2012)
- New Generation of Thinkers Link Inequality, Innovation and Prosperity (February 26th, 2012)