The Behavior of Speculating Shoes Must Be Strictly Controlled
25/10/2021
Anyone who knows a little bit of common sense in economics can see that this is not a normal transaction, but a kind of market hype. It seems that the phenomenon of speculating shoes, which has only ceased for a few months, is showing signs of resurgence.
Speculating shoes is not new, it has existed many years ago. At present, a circle of speculating shoes with a certain market scale has been formed globally. According to insiders, the most powerful period for speculating shoes is from 2016 to 2019. In recent years, many people have made a fortune from speculating shoes. Data show that in 2019, the global second-hand sneaker market reached 6 billion US dollars.
From the perspective of market rules, as long as the supply of any product exceeds demand, the price of any product will rise, especially when some well-known brands launch limited-edition products, which are sought after by the market and will generate higher premiums. However, the premium cannot be "overflowed" casually. When the price of a commodity increases too fast, the premium is too large and exceeds a certain range, it is an abnormal phenomenon that violates reality, and there must be human factors involved in the intervention of commodity prices. The speculation of shoes, in fact, has broken through the laws of the market, behind which there are improper manipulations with the purpose of improper profit.
There is a trend of securitization in shoe trading, and the daily trading volume is huge; some third-party payment institutions provide leveraged services such as installment payments for the shoe trading platform. The entry of leveraged funds has increased financial risks; the operation is dark-boxed, and once the platform flees, it is likely to cause mass incidents.
After that, economists continued to expose the essence of shoe-making, reminding those who join the shoe-making circle not to be confused by appearances. Some people in the circle also saw the danger of the circle and came out to reveal the secret, saying that speculating shoes are indeed a capital game similar to passing the parcel. Only those with sufficient capital and able to approach the manufacturers can be the first to get those deliberately manufactured by the manufacturers." "Limited goods", these people have sole control over the supply of goods and monopolize the market, so they can naturally control the price, and then the group after group of scalpers who join in are just acting as "leeks" one after another. In fact, after several years of development, the shoe-speculation circle has formed a gray industrial chain, which has not only contributed to the trend of fraud but also promoted illegal fund-raising, financial fraud, illegal pyramid schemes, and other public economic and financial violations.
Obviously, the government supervision department must promulgate and improve relevant laws and regulations as soon as possible to form a special governance mechanism for the phenomenon of shoe speculation. It is necessary to strictly control the trading platforms involved in shoe speculation, strictly investigate speculators suspected of illegally speculating shoes, and allow sneaker transactions to be conducted within the market rules and within a controllable range to protect the legitimate rights and interests of consumers. At the same time, strengthen publicity and education, use the case to expose the chain of interests behind the speculation of shoes through the media, let the public understand the stakes of speculation, and form a social consensus that "shoes are not used for speculation but to wear".
