Comment by kortilla

>Usually we end up with cartels in such cases, see OPEC, mafias etc.

No we don’t. That’s quite rare.

Look at the collapse of the solar market around 2010 as the price collapsed.

Look at the collapse of the steel industry in the US as outsourcing to Asia took over in the 70s-80s.

Look at the entire computing boom from 1990-2020. Memory and storage followed such a steady line down and to the right that people are struggling to operate compute businesses in a normal market.

E-bikes, scooters, electric cars, lithium ion batteries in general. Most food.

The list of these commoditized things that started out as areas of innovation and became just the marginal cost of production is enormous.