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Comment Re:Prohibition doesn't work, never has (Score 1) 56

Why would concert tickets need an auction any more than almost everything else? No auction for beans, none for gasoline, or haircuts. If they price them too high, they don't sell enough. If they price them too low, they sell out fast and learn to charge more next time, just as any other limited commodity does. If they can get more, they do, and raise the price next time. If they can't, well, that's life.

I don't think TicketMaster is making a fortune, because if they were, competitors would want some of the action. That's how markets work. If artists actually cared, they would sign up with alternative sellers and pull the rug out from under TicketMaster. They don't. Artists either don't care, or don't know. From the noise they make, they are hypocrites either way.

The actual real value of concert tickets for established artists is well-known by now. But artists want to pretend they support the little people, so they refuse to charge realistic prices, and act all miffed when the market establishes the real value people place on their tickets.

The simple fact is that more people want tickets than tickets are available. The only realistic alternative is long long lines and make people pay in time and hassle. But then others will charge high prices to stand in line as placeholders. Price caps are no more useful than Richard Nixon's gas price controls in 1973. People pay in dollars or time or barter of some sort. The market will always establish a more realistic price.

Comment Re:Octopus (Score 1) 146

We're talking about different things. I'm talking about load shifting, you're talking about base load and frequency maintenance. You're not wrong, but that's not what I was talking about.

The point of load shifting is that if I have a task I need to do today that consumes power, I can do it when the sun is shining or when it's not. If the power company lets me do it for free because the sun is shining and there is excess power, that helps them to keep the grid balanced during the day, which is good, and that's what you're talking about.

What I'm talking about is that if you have a task that you were always going to do, and you would have done it at, say, 7pm, when renewables generation is low and load is high, and I incentivize you to do it at 4pm, when demand is high and renewables generation is higher, then you aren't going to do that task at 7pm, which means the total load on the grid at 7pm will be less. If I can shift enough of the load away from 7pm, then I don't have to turn on a coal plant in anticipation of base load need at 7pm. That can bring my cost per mwh down from £500/kwh to £40 per mwh. Load is high at that time, so that can save millions of pounds over the course of an hour.

Comment Re:Octopus (Score 4, Informative) 146

It's really not nonsensical, actually. Base load can be incredibly expensive. If they can avoid firing up the most expensive plant, they make more money. It's really that simple. Even though it seems "free" to you, what's really going on is that you have become part of the supply side of the equation by using power when it's there, and then _not_ using it when an expensive plant would have to be turned on. This is really a case where everybody wins.

Comment Re:The volume of ads (Score 1) 152

There were two theaters in San Francisco, the Richilieu? (Geary near Van Ness) and a second near the TransAmerica Pyramid. Great selection of old movies, mostly b/w, and great trailers for old movies. They eventually decided the second one just wasn't profitable enough, early 1980s, and had a final night of nothing but previews, several hours of them, the trashiest exploitation movies from the 1950s, glorious stuff. Then they interrupted it, lights came on to announce someone with a private copy of Vertigo had brought it in and did we want to see it? Apparently it was locked up in some copyright ownership dispute and could not be seen commercially, but since we hadn't paid for it ...

A fantastic night. I'd gladly do it again, nothing but hours of trashy ancient B and C movie trailers.

Comment Re:advice to children (Score 0) 193

"Did you really think we want those laws observed? We want them to be broken. You'd better get it straight that it's not a bunch of boy scouts you're up against. We're after power and we mean it. There's no way to rule innocent men. The only power any government has is the power to crack down on criminals. Well, when there aren't enough criminals, one makes them. One declares so many things to be a crime that it becomes impossible for men to live without breaking laws. Who wants a nation of law-abiding citizens? What's there in that for anyone? But just pass the kind of laws that can neither be observed nor enforced or objectively interpreted - and you create a nation of law-breakers - and then you cash in on guilt." -- Ayn Rand, Atlas Shrugged

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