Comment by steveBK123
1 day ago
> Which is the problem when that's what's happening, and why we should maybe change the law to infer the collusion from the outcome in cases where prices are high yet nobody is responding by increasing their market share.
No one has a crystal ball. Soviet planners figured that out eventually. You cannot punish people for lack of crystal ball outcome foresight.
Are we going to punish Micron for not planning a new fab 3 year ago when they had no margin and Apple was squeezing them to the bone? Do we co-indict Tim Apple?
Or wait, they were already trying to build one in Upstate NY that is stuck in NIMBY red tape. Do we co-indict Kathy Hochul?
> Are we going to punish Micron for not planning a new fab 3 year ago when they had no margin and Apple was squeezing them to the bone?
This is why you expect the response to happen over a short period of years rather than absolutely instantaneously.
> Or wait, they were already trying to build one in Upstate NY that is stuck in NIMBY red tape. Do we co-indict Kathy Hochul?
Yes, definitely.