I'm pretty sure Alonso used a wrong term for this whole matter - we're not dealing with "cheaters", we're dealing with a simple case of "abuse".
And we've already had plenty of such cases, like full scale tanking and the old case of day-trading. Were they considered cheating? Nope. Were they considered an abuse and an unhealthy feature of the game? Yep. So it got changed just like that.
You don't have to be a genius in economics, to understand that scalping should not exist. In the real world, you will get fined if you buy 30 tickets to Ariana Grande or whatever for 10 bucks and then sell them 10 days later for 300 bucks each. I bet such people also "understand how economics work"

. The arguments given about this being ok are just borderline ridiculous.