Hacker News new | ask | show | jobs
by dist-epoch 2 days ago
This is Capitalism working exactly as intended - resources (RAM) are allocated to those which can use them most productively (AI data-centers)

And the AI data-centers are using the RAM so productively, that they are willing to buy them at any price whatsoever.
1 comments
adrian_b 2 days ago
No, this is not Capitalism working as intended, because there is an entity, the US government, whose purpose is to sabotage those who are willing to increase production to satisfy the extra demand and decrease the prices.

So the market is not free at all, the lack of competition is maintained by force.

Already for many years, the prices of various products like smartphones, SSDs and memory modules have been kept artificially high by the anticompetitive measures called "US sanctions".

link
win311fwg 2 days ago
Capitalism has no intent beyond allowing private ownership of capital. Markets are a separate concept.
link