No Mr. Mamdani, You Can’t Lower World Cup Prices
Zohran Mamdani, the current Democratic nominee for mayor of New York City, has recently put out a video on social media calling on FIFA to abandon the practice of dynamic pricing and provide cheaper tickets to the citizens of New York City for the 2026 World Cup. Mr. Mamdani might have good intentions, but a quick look at economics shows us that regardless of Mamdani's efforts, everyone pays the same price. Literally. Envision that Mamdani gets his way. FIFA agrees to set a price cap on tickets at $100, ensuring people can get tickets at a cheap rate. Tickets sell instantly and no seats are left for FIFA to sell. Great, right? People who otherwise could not afford tickets to the World Cup can now attend the once-in-a-lifetime event. True, but at what cost? People who agree with Mamdani would say $100, but this is further from the truth. One thing has plagued mankind since the beginning of time: scarcity. It would be impossible for every single New Yorker to physically sit at a Worl...