Yes, that is the danger. But organic growth isn't just about putting out more product, although that is the simplest way to try to spur it. Wizards hasn't quite realized this, or they don't want to.
Fear. Here's the thing, they have no clue about how large the collectors sector is. Organized play only leads to only a fraction of sales. The rest must be casual/collectors. Just how much is either one is really anyone's guess. And since they don't know what drastically dropping prices would actually do, they just do what they have always done. It's actually, in a round about way, a good thing for Wizards that there are scalpers. Scalpers are constant customers. Players and collectors are far more fickle, because there are intrinsic reasons why they are buying. Scalpers just want anything they can short supply on. So, it actually in Wizards' business interest to not fight scalpers, just like how here in the US, it is in ticket companies best interest to not seriously fight ticket scalpers.
If secondary market prices fall too far or supply isn't limited, scalpers will just quit buying and cracking product, because it wouldn't be worth it. If they do, players themselves will never buy up that excess. I think that is the fear. I don't know that it is actually true, but that's my best guess.
"The Ancients teach us that if we can but last, we shall prevail."
—Kaysa, Elder Druid of the Juniper Order
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