Items tagged with capitalism

What would you do if, at 16-years old, you made $1.7 million in revenue and $110,000 in profits? What if this income came from selling (or scalping) things such as the newest PlayStation and Xbox consoles at up to double the sticker price? That is exactly what one teenager from New Jersey did during the pandemic, cornering the resale market on a wide variety of products. From consoles to Pokémon cards and pools, the pandemic has led to shortages of all kinds of products due to production issues and heightened demand. As capitalism goes, this gives rise to an opportunity to make money from these products in the resale subindustry, and 16-year-old Max Hayden saw this. For forty hours a week... Read more...