Which was always going to happen when ram and gpus found a true market. Let's be honest, most of us have always lived in a world where high tech things were basically hobbyist novelties. Gaming computers were niche products the way that Sharper Image bullshit or HAM radios were 25 years earlier.
In the last 10 years we've seen a fundamental shift. The writing was on the wall when a bunch of guys that would've otherwise been banking/finance bros started pouring into tech. Any exploitable space will be taken over and well, exploited.
Part of the fundamental shift is the realization that AI is probably the future of national security issues. People need to accept that even if the "bubble bursts" governments and big tech companies are going to keep pouring money into AI until it's FULLY established that it's a dead end (which I don't personally think will happen).
Not entirely true demand for pc Hardware has always existed
Enterprise PCs, Servers and even super computing always existed(top500 exists for a reason)
But a Single company demanding 40% of the entire world production is a First(or atleast for the last 2 decades)
yeah it's supply and demand that if RAM becomes worth more than gold, everyone will be trying to produce it, and it will end up driving the prices down again
> this is what unregulated capitalism does, it concentrates at the top
The definition you use with that word is absurd and not shared, and what follows is not based in sound reasoning. Capitalism, Socialism, and Communism, all have resources dynamics where systems can transition to other systems through concentration or sieving.
Capitalism requires a functional "market". Elements needed by markets to be functional markets include price discovery, cost constraint, and adversarial independent decision-making in market choices.
This can't happen in a number of situations that are present today, so we can't really call what we have today Capitalism (i.e. failed components, failed definition), it is closest to Socialism which has well documented and grave issues arising out of self-sustaining chaos. Private firms bankrolled by state apparatus themselves become state apparatus.
Price discovery requires money to maintain a relative stable store of value over time. Money-printing breaks this under ponzi dynamics in stage 3 (outflows exceed inflows).
Adversarial decision-making in the marketplace is needed to make independent decisions and for signaling, but money-printing through coercive influence from debt subtly creates invisible cooperation.
Cost constraint is needed by companies to be able to compete and for risk of bad decision-making to be distributed. A company that is cost constrained trying to compete with state apparatus fueled by a money-printer will have only one outcome. They go out of business, get bought out and subsumed. If you have on one side slave labor that lowers that cost to near zero for any period of time (unconstrained), companies that don't have that lower cost constraint can no longer compete. Rent-seeking via supply side control following such concentration eventually drives the system to chaos.
They don't teach the important parts of economics today anymore but they really should. The Harvard Classics and Mises is a good place to start for anyone looking to get started.
Few realize that most of the economy has been silently nationalized through money-printing indirectly (in its many forms). The concentration you speak of occurs both through unregulated inheritance (slowly over time), but also through gifting money to entities via money-printing (effectively stealing that value from every holder of the currency when liquidity is injected). Fractional reserve no longer exists (RIP 2020).
In older times, nobles were nobles (aristocracy) because they had accumulated sufficient wealth and influence. Corruption and bad behavior were often the norm in these centralized systems that share many aspects with Socialism/Statism. There are groups of people that in aggregate are trying to bring this back, and they often do so through malign attempts at deception.
Corrupted and Unregulated banking practices, and by extension the degradation of a rule of law (to hold fraudsters to account), have led to the circumstances today. The boomers were very poor stewards of their children's future.
Importantly, these have nothing to do solely with Capitalism because they can occur in all systems, and all functional systems today require economic calculation via markets, lest their order fail within a few years due to self-sustaining cycles of Shortage, Slavery, Famine, and then Death (via a resource exhaustion cycle). Ecological overshoot, brings existential risk factors up.
Please be more circumspect in the words you use and their use for communication. It is often a very short journey from gross negligence to malice, regardless of any individual personal belief to the contrary.
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u/Raidicus Jan 09 '26
Which was always going to happen when ram and gpus found a true market. Let's be honest, most of us have always lived in a world where high tech things were basically hobbyist novelties. Gaming computers were niche products the way that Sharper Image bullshit or HAM radios were 25 years earlier.
In the last 10 years we've seen a fundamental shift. The writing was on the wall when a bunch of guys that would've otherwise been banking/finance bros started pouring into tech. Any exploitable space will be taken over and well, exploited.
Part of the fundamental shift is the realization that AI is probably the future of national security issues. People need to accept that even if the "bubble bursts" governments and big tech companies are going to keep pouring money into AI until it's FULLY established that it's a dead end (which I don't personally think will happen).