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The market doing what it's supposed to do does not negate that the market segment has only been left open because of overly myopic businesses.
by delecti 8mo ago
The market doing what it's supposed to do does not negate that the market segment has only been left open because of overly myopic businesses.
- estimator7292 8mo agoThat's what modern capitalism is and it's bad for everyone
- qup 8mo agoWhy would we think businesses will always make the right move? They'll blunder. They'll do it even harder in the absence of competition.
- delecti 8mo agoWho said I thought businesses would always make the right move? Businesses blunder. "The market" is just a set of observations, including that competitors will tend to take advantage of those blunders. It is not a failure of the market that businesses have blundered, nor surprising that it will happen occasionally, and neither I nor mrweasel implied otherwise.
- tjwebbnorfolk 8mo agoThe market is actively trying to solve it right now. Micron is investing $200B in new fabs. Everyone is trying to ramp up production. Yes, identifying a problem is easy. But solving shortages in all cases requires perfect knowledge of future demand. So, good luck.