3 ms·
> Modern semiconductors are fantastically capital intensive, and so respond slowly. That's my point and de-legitimizes the economic model that grants them priv
by tehjoker 5y ago
> Modern semiconductors are fantastically capital intensive, and so respond slowly.
That's my point and de-legitimizes the economic model that grants them private control.
- kristjansson 5y agoThere's a substantial leap here from 'Intel might be temporarily able to / trying to exercise a degree of monopolistic pricing power' to 'market capitalism is illegitimate'. The response to a firm with mono{pol,pson}istic pricing power is to encourage competition, require cooperation, or force divestment.