The funniest part of this thread is the 22-year old kid throwing "capitalism" around when its clear that he doesnt really understand the meaning of the word.
I really hope he isn't a Mays student, because if so they need to make him go back and do it over again, because I don't think it took...
As a two-time Mays grad myself, I am all for Capitalism. As part of being pro-capitalism, I'm also anti-corruption and pro-ethics, which is the only way to make capitalism work. The cornerstone of capitalism is the contract. It always has been, and its how the world works. In the real world, if you break a contract, then you are subject to the penalties imposed in said contract. So, in a capitalistic society, if you sign a contract that contains the following language:
quote:
Resale of student tickets/sports options for profit is prohibited. Student sports options are heavily subsidized by season ticket holders. Former Students and Aggie fans have long been committed to maintaining the quality and size of the student allotment at Kyle Field. In return, Texas A&M students, the 12th Man, are expected to honor this commitment by not reselling for profit their student tickets. These tickets home and away, are for student use ONLY. Texas A&M students are prohibited from reselling sports options/student tickets (home or road) for profit. Students found to be in violation of this policy will be penalized. Penalties include the cancellation of sports options, cancellation of tickets already pulled, and the loss of sports option privileges for the duration of their Texas A&M career.
and then you decide to break this contract. What should happen?
So, Adam Smith, I leave it to you. Where would the invisible hand lead if people continue to show that they cannot be trusted to abide by their contractual agreements? Here's a hint, the answer is capitalism: a market price student ticket and a smaller student section because of price inelasticity.