alt Hacker NewsThe whole supply demand spherical cow model of capitalism really breaks down when suppliers decide they'd collectively use their cartel to not engage in demand and instead gouge prices.
The whole supply demand spherical cow model of capitalism really breaks down when suppliers decide they'd collectively use their cartel to not engage in demand and instead gouge prices.
It doesn't, capitalism is the free association without coercsion. When the government can mandate that you cannot sell certain GPUs to customers in specific areas or that your model is too scary and you must shut it down and can give or take government contracts that are work hundreds of millions or billions of dollars, and the federal reserve will bail out the banks If they make mistakes, you have a crony capitalist environment that has very little to do with the free market.