Brian Yahn
Aug 31, 2018 · 1 min read

Well said. Artificial Scarcity is a HUGE problem in uncompetitive markets, but apparels is certainly NOT a monopolistic market. If people are willing to pay Burberry $1000 for a $6 coat, what’s the problem?

Similarly — Housing, Tuition & Healthcare have all increased in pricing for various reasons — mostly government intervention and regulatory capture. Aside from zoning laws (which we can and do debate as a society, arguably unfairly), there is almost zero artificial scarcity.

The author brings up an interesting point with Pharmaceuticals, though. A large portion of the problem is certainly regulator capture and the general mess that is the US Healthcare system.

That being said, pharmaceuticals are often times NOT competitive markets: see the Martin Shkreli EpiPen fiasco. I’m not sure if anyone has a convincing, scalable, long-term solution to this problem, though.

But I would love to be pointed to it if a solution exists [=

    Brian Yahn

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    Just a kid from California, trying to figure out life.