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Tag: economics

Price Gouging

@date=2024-09-26
@tags=economics

Price gouging is a natural thing when demand outstrips supply. You fight against it and you just maintain scarcity and no one gets anything (and you create a black market) You allow it to happen and competitors see $$$ and production skyrockets, outpaces demand and prices fall. Usually too far...

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Music has become a zero-sum game

@date=2024-05-31
@tags=economics, music

Musicians used to make money via album sales (records, tapes, cds, mp3s, etc). This is how they exploded financially by selling millions of copies.

Today we have streaming, such as Spotify, as the main avenue to make money as a musician. This is a very different economic situation.

In the initi...

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