What they conveniently leave out is that it sometimes takes over a decade for a correction

The beauty of supply and demand magic is that the market is now open for anyone that can provide server hosting cheaply.

It is supply and demand but chip supply isn't very elastic and the producers are conservative about adding capacity that won't be needed by the time it's online.

Idealistically, actual consumer driven capitalism would be much closer to supply/ & demand than this (imo) almost completely artificial, government sponsored bubble. I think pricing before this current bubble reflects that.

I was also told this. Why isn't it happening? Can some capitalists explain why capitalism isn't happening the way it's supposed to? Is it because of government regulations, do we need to deregulate?

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