If Bob Geldof thinks he's the man to cure any of the poor's ills, he might get a handle on market economics first. Here's his latest distilled brilliance, when he found out (surprise) that Live8 tickets were for sale on eBay:
"It is completely against the interests of the poor. The people who are selling these tickets on Web sites are miserable wretches who are capitalizing on people's misery."
Is it? Are the poor getting less money because of the auction of tickets? Well, indirectly, yes, because Mr. Geldof sold the tickets for less than they're worth in the first place. So the responsibility for the short-changing of the poor rests squarely on his shoulders. He got a whopping $5.4 million for 150,000 tickets, roughly $35 per ticket. For a concert of this profile, and additionally for charity, that is simply pathetic.
I can understand his frustration, because based on the sale prices of the some of the tickets (almost $1000), it is obvious that his lottery sales method is leaving a ton of money on the table that his beneficiaries will never see. And whether it happens on eBay or not, those tickets are going to be sold to people that want them. Maybe next time he'll take a page from reality and set aside some tickets for auction instead of crying about capitalism.
Which brings up another problem-- how does someone so clueless about market economics hope to help the poor in any significant way? He obviously can't be hoping to convert them into "miserable wretches" like we all apparently are-- you know, we people who buy and sell things for (gasp) money.
Beyond that, another annoying moment in the item is where he blames eBay for ever allowing the tickets to go on sale, as though eBay has a responsibility to proactively monitor every individual auction and judge whether Mr. Geldof is offended by it. It is in no way illegal to sell the tickets, keep in mind, but Mr. Geldof expects some other kind of standard. He calls it "a sort of example of corporate arrogance that it thought it could operate outside the morality of its audience."
I absolutely agree with him on one thing. The problem is arrogance.