We have identified a new area for Congressional legislation on price gouging: entertainment. It seems that a consumer group in Rome has protested the high price of tickets that Barbra Streisand was going to charge for a concert in the Stadio Flaminio, which would have been her first concert in Italy and the start of her European tour.
According to the AP story,
Last week, consumer groups Codacons and Adusbef protested as “absurd and shameful” ticket prices ranging from $200 to more than $1,200, calling on authorities to deny Streisand use of the 24,000-seat stadium. The stadium is “public property and cannot be used for immoral deals that are shameful to a civilized country,” the groups said in a statement.
Apparently believing in the power of the market, Streisand has shifted her opening concert to Zurich. Her tour promoter said that the change resulted from “unexpected production delays.” Well, in fact, such things do happen. But Ms. Streisand and her fellow travelers are impatient when similar delays occur in the rest of the business world — especially energy — and demand government intervention. Will price control-loving members of Congress demand similar price gouging laws on entertainers’ ticketing prices?
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