The answer is capitalism, I know.
But it wasn’t always like this. Why the hell are they allowed to absolutely monopolize all shows and venues? How are there not laws on this?
Is stopping going to any shows the only way to fix this? If so, that wont happen. People are gonna go see their favorite bands (and ticketmonster knows it)
I wish this one was as easy as getting rid of all my streaming services - but they really fucked us over for live shows.
thats is opposite of a open market, in an open market you have more than 1 “ticket” company competing for prices. in this case, sometimes its also a oligopoly(which is multiple companies have share the same market) and they often collude with each other determine pricing of any items. monopoly is the sole market of an service which they can determine pricing in anyway they choose.
an example of oligopoly is insulin types. only 3 companies controlled the different variations of insulin and agreed upon each other to price it however they wanted, since they had no competition.
what you also said paying what the price is, its called a walled garden of services/items.