Another new thing is that the disruption is framed in terms of a purportedly productive-investment purpose, getting more people and capital onboard. Also with t

Another new thing is that the disruption is framed in terms of a purportedly productive-investment purpose, getting more people and capital onboard. Also with the coordinated irrationality there is a lot more momentum for priming a pump that will endure long term. Sure we can fantasize that all of these datacenter buildouts will go bust, leading to a glut of RAM and we can party like it's 2001. But does anybody think that will actually happen? I'd say the real upstream problem is the lack of new "thick" business creation. Which is a tough thing to analyze in terms of semiconductor fabs, as they are notoriously centralized-capital-intensive regardless. So I'm not looking to flesh out that argument in this context, but it does fit the anti-competitive less-efficient market pattern I've noticed across the board. The main pressure relief valve on the horizon seems to be China building new fabs, but that kind of demonstrates how our own Western-aligned market has eaten itself.