"memory manufacturers have been operating on the margins of profitability for quite a while now."
The manufacturers are scumbags is more likely answer.
https://en.wikipedia.org/wiki/DRAM_price_fixing_scandal
I don't disagree per-se, but this is the sort of thing which happens when only a few businesses exist in a commodity market with high entry costs. IOW, it's not great, but it is predictable. See: Oil.
You mean “capitalists”.
Maximizing profit is the only sane way to play a rigged game
I don't disagree per-se, but this is the sort of thing which happens when only a few businesses exist in a commodity market with high entry costs. IOW, it's not great, but it is predictable. See: Oil.