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This is part of how free markets self correct, misallocate resources and you run out of resources. You can blame irrational exuberance, bubbles, or whatnot mar
by Retric 11mo ago
This is part of how free markets self correct, misallocate resources and you run out of resources.
You can blame irrational exuberance, bubbles, or whatnot markets are ultimately individual choices times economic power. Ai, Crypto, housing, Dotcom etc going back through history all had excess because it’s not obvious when to join and when to stop.
- Dylan16807 11mo agoUsually companies run out of resources before they screw up global prices in massive markets. If it was a couple billion dollars of memory purchasing nobody would care.
- ben_w 11mo ago> Usually companies run out of resources before they screw up global prices in massive markets. It happens more often than you might expect. The Onion Futures Act and what led to it is always a fun read: https://en.wikipedia.org/wiki/Onion_Futures_Act https://en.wikipedia.org/wiki/Onion_Futures_Act
- Aerroon 11mo agoThe problem is that memory manufacturing is hard enough that there are essentially 3 major companies that do it globally: Samsung, SK Hynix, and Micron.
- an0malous 11mo ago> This is part of how free markets self correct, misallocate resources and you run out of resources. Except that these corporations will almost certainly get a bail out, under the auspices of national security or some other BS. The current admin is backed by the same VCs that are all in on AI.