Comment by tjwebbnorfolk
21 hours ago
Ok but this is how the market is supposed to work. If the incumbents aren't doing what their customers want, then competitors can rise and fill the gap and compete.
This isn't a shortcoming, it's a competitive market working as intended.
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.
Why would we think businesses will always make the right move?
They'll blunder. They'll do it even harder in the absence of competition.
Who 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.
The 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.
That's what modern capitalism is and it's bad for everyone
Lets not forget there is no competitors. There is one competitor- the chinese state, one huge company willing to subsidize any endeavor that will help it fmgain more marketshare with already captured markets.
Only if you don't want or need any geopolitical gradient at all.
Everyone gets mad when Chinese do capitalism...
NO you see, we have to hate Chinese companies because they are unfair competitors since they get state funding from the Chinese government, unlike Intel, Micron, TSMC, ASML, Samsung who don't get state funding from the US, EU, Taiwan, ROK ... oh wait.
Scratch that, we have to hate Chinese companies because they do business with the Chinese military, unlike Intel, Nvidia, Samsung who don't do business with the US and ROK military ... oh wait.
I know you are being sarcastic but the reason why we have to hate Chinese is simply because the standard of living of Americans depends on China not succeeding, simple as that.
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"Why is nobody berating China?" is my favorite oft-repeated refrain on HN.
They’re too busy berating the US.