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>if the technology is useful the markets it'll spur competition and prices will come down. Regulatory-captured markets have nothing to do with free competition
by Joel_Mckay 5d ago
>if the technology is useful the markets it'll spur competition and prices will come down.
Regulatory-captured markets have nothing to do with free competition, or bidding down price pressures. You do have monopolistic competitive firms drawing $4Tn in loans to artificially hyper-scale demands for NVIDIA hardware that earns you -$2.50 for every $1 in revenue.
Your home heating bill may double this winter because the economic engine is currently post-consumer/broken. We shall see how this plays out. =3