5 ms·
The main reasons of "monopoly" are long-term vision and enormous effort spent in software development. AMD is lacking behind because they have not yet seriously
by zepmck 3y ago
The main reasons of "monopoly" are long-term vision and enormous effort spent in software development. AMD is lacking behind because they have not yet seriously invested on their own software stack.
- yieldcrv 3y agomonopoly isn't a bad word here and doesn't need quotes. In America and major markets, a monopoly is fine if that's what the market chooses, anticompetitve practices and abusing market position is what gets at least put under scrutiny. They may be limited in purchasing additional companies to expand or maintain the market position, but there is no need to shift perception about what is it because that's not regulated or under threat of regulatory scrutiny simply from providing a better service.
- DeathArrow 3y agoSo you are fine paying 10x what's worth because the monopoly?
- sokoloff 3y agoOther than government mandates, I don’t pay for things that cost more than they’re worth to me. I just don’t buy them and I think most people have a similar approach.
- butlerm 3y agoNo one buys any product that costs more than it is worth to them. If value is lower than cost sales tend to go to zero. The continued market for a product even in the midst of shortage indicates that someone somewhere values the product more than its market price. Otherwise the price would drop until demand converged with supply.
- Affric 3y agoSure, but often the costs of high prices of inelastic goods are externalised. People excluded from housing, banking, energy, education, and health markets necessarily turn to various anti social activities which create costs for society… and those who are making real profits rarely end up picking up the bill for these. Though I don’t believe this line of reasoning applies to CUDA/GPUs (yet).
- 2OEH8eoCRo0 3y agoI think this is true when there is competition and/or the good/service is not a necessity. If my electric company decided to add a mandatory $100 fee then I'd be forced to pay it. It's also why the emergency room can charge so much- are you going to shop around if you are in the middle of having a heart attack?
- Uehreka 3y agoYeah, but we (consumers) don’t usually see full exploitation of that principle as a good thing. Like, when pharmaceutical companies charge exorbitant prices for lifesaving drugs just because they can, that’s bad.
- MichaelZuo 3y agoWhat are you talking about? The reason they still do so is because the majority of voters aren’t too bothered by it.
- yieldcrv 3y agoThat’s … reductionist, any voter that attempts to find a representative for a non-party line cause gets gaslit by rapid partisans about hating women or a marginalized group because its not their top cause guiding all voting decisions. voters dont have control of their representatives either way
- yieldcrv 3y agorabid*
- MichaelZuo 3y agoNo it's not reductionist, it's the truth. Reductionist would be different, for example if it implied that change is impossible, or that voters will always stay the same, or that there is a guaranteed inevitability, etc... Maybe your reading your own thoughts into someone else?
- yieldcrv 3y agookay, voters don’t have control of their representatives and nobody has floated a constitutional amendment
- MichaelZuo 3y agoIf you genuinely believe voters have literally no control over their representatives in the US, I highly doubt you would spend time writing comments on HN about pharmaceutical pricing and not on more important matters.
- worrycue 3y agoMonopoly are fine if they are natural monopolies - e.g. utilities; which need to be regulated. Otherwise monopolies are suboptimal as prices won’t come down due to lack of competition.
- WeylandYutani 3y agoI disagree. A monopoly stifles innovation and consumer adoption. It's not "fine".
- yieldcrv 3y agookay then it didn't need to be in quotes if its true here as well that was my only point, they put monopoly in quotes to attempt to defend Nvidia from regulatory scrutiny they havent done the thing that causes regulatory scrutiny while it still being accurate about what they have achieved
- rcme 3y agoAre there any examples of monopolies that haven’t engaged in anti-competitive practices?
- yieldcrv 3y agoat local levels it’s more obvious at larger levels there are typically business units within a larger organization that might have a monopoly in that sector if everyone chooses your phone brand out of social ramifications and you dont do anything to accelerate competitor’s exiting the market, is what it is