<div style='font: 9pt ; text-align: left; '>This is not Diablo 2, where all trading must be done face to face, where haggling is mandatory, and the coin has become so deflated and utterly worthless that a unique jewelry item has become the standard unit of currency. (Before you get your panties further in a knot, I will mention that Asheron's Call has the same sort of hyper-deflation of coinage coupled with special items becoming the basis of currency and trades. guess what - I've played that too!).
The auction house in FFXI is the basis of our economy. Some people use the bazaar for extra items to sell, but it is completely secondary to the AH in terms of usage and convenience. Market value for that local market (there are 4 auction houses) is prominently displayed for every item with the "pricing history" option, where you can see the dates and prices on the last 10 transactions for that item. Amazingly enough, when you see that the last ten stacks of fire crystals sold for 1700, and that torso piece of chainmail ranges from 8000-8500 gil, you can actually DETERMINE THE FAIR MARKET PRICE FOR YOUR GOODS. And not only can I find out the local market price, I can also find out what the price is in other markets by simply typing in "/linkshell Need a price check for a non-San d'Oria AH, anyone around one?" - OMG AMAZING.
And know what? People do undercut. I do myself, to a limited degree to help my items sell faster. But you're not going to cripple the economy, unless you are the only supplier of one particular item to a particular market, in which case you are a complete and utter moron in driving down your own price (see, the nice thing about the auction house is that YOU DO NOT HAVE TO STAY THERE AND WAIT FOR YOUR CUSTOMER TO BUY YOUR ITEMS. If the item you have is rare and desirable enough, you will sell it quickly anyway).
And moreover, if you do list that stack of fire crystals worth 1700 for 1500 to sell it faster, you just might get 1700 anyway. See, while some people do haggle with the auction house and try to see if an item may have been listed for less than full price, others won't bother haggling and will just put in the standard bid of 1700. And if yours is the cheapest one listed, you're not getting 1500, you're getting *gasp* 1700 gil! (Before you point out how ignorant FFXI's playerbase must be for not always haggling to the full extent for every AH purchase, I will point out that if you've ever bought an item at full price rather than looking around at other stores for the same item on sale, it would be hypocritical to argue such).
This is not a game where lower drops are completely trash-worthy. This is not a game where you can twink your level 1 character the uberest plane raid sword evar and actually use it. There is a constant demand for equipment and spell scrolls for every job type, for every level range, and so the ECONOMY REMAINS FUNCTIONAL AND CONSTANT.
So do us all a favor, and take your holier-than-thou Everquest uberguild attitude and shove it. You're making completely unfounded assumptions based on your experience in other MMOGs when in fact they are NOT COMPARABLE IN THIS INSTANCE. I don't give a rat's ass if you go to the Bazaar zone in Everquest, sell off your raid-level loot for 20% off, and walk away with your cash.
Because this is FFXI, and I don't need to. I'll sell my crystals, I'll sell the armor and weapons I just grew out of, I'll sell some items that can be used for crafting recipes, I'll import and export goods between different auction houses, and I will make money. And I will then turn around and buy goods from other players I didn't even know existed, because I don't need to go face to face with them to make the transaction.
I'm done arguing with you, Don. Take your Everquest attitude elsewhere, nobody wants to hear it, and I'm annoyed as hell that you turned a simple "Here's the new patch notes" thread into a gigantic flamefest perpetuated by your ignorant assumptions about a game you don't play.</div>
"For one thing to live, another thing must be killed. God, or whoever is responsible, deserves respect for creating such a system. It reveals that we cannot take all matters into our own hands. We need only to focus on doing our best--a simple, yet profound way to live, is it not?"