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11-18-2010 @ 10:47AM
Capitalism. It works. Obviously it's "middle-men" not "middle-man", so there'll always be competition. Too many people play WoW. The seller gets to sell to someone at the price they wanted. You, as an enterprising auctioneer, recognize that the price they want is below the usual value of the item. You buy it, satisfying them.You now have to sell the item(s), and can list item at it's value if there's little competition, or even slightly below value while still making profit because you bought it cheap. Which is where capitalism gets beautiful because everyone made money, while the price decreased. Happy seller, happy buyer, happy middle-man. Obviously a monopoly makes for unhappy buyers. Hope that helped!
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