logoalt Hacker News

Betelbuddyyesterday at 3:33 PM2 repliesview on HN

Adam Smith had already clarified free market refers to a market free from all forms of economic privilege, monopolies and artificial scarcities.

You are confusing market outcome with market structure.


Replies

Aurornisyesterday at 4:53 PM

But where is the monopoly here? Nobody has a monopoly on housing supply or DRAM production.

Nobody is making an artificial scarcity. They’re producing as much as they can.

You can buy the exact same DRAM that the data centers are bidding on.

show 1 reply
Xunjinyesterday at 4:44 PM

Good point, however we can't miss the history which shows that free market are not achievable, in some fields of economic is seen as "fairy tale".

show 1 reply