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> A capitalist company has a profit motive to look at everything that can go wrong, and react accordingly and quickly. My suggestion also involved capitalist c
by arrosenberg 5y ago
> A capitalist company has a profit motive to look at everything that can go wrong, and react accordingly and quickly.
My suggestion also involved capitalist companies.
If what you are saying us true, why is the supply chain so messed up? Why didn’t the laissez faire proponents foresee this and react? There is plenty of profit to be made, where are the new entrants?
Im not familiar with the specific company mentioned, but GPUs are in shortage because the market became concentrated (the end result of neoliberal economics) and a supply shock inevitably broke it. Everything you mention about pricing is a post hoc effect of that. A more interventionist government would see that and use antitrust laws and subsidies to create a more robust marketplace, while neoliberals go “this is fine” while the room is in fire.