| ▲ | shevy-java 29 minutes ago | |
It's good that the courts finally look at the price fixing of the RAM cartel. I think it must become a much bigger lawsuit. It can not be that these de-facto monopolies keep on fixing the prices upwards. Even in a very capitalistic society such as the USA was once (before the orange mafia hijacked the country, even though in a more recent election the mafia lost big), capitalism assumes that free market competition lowers the prices and affordability for the average Joe, as a buyer. Clearly this is NOT the case here in the RAM cartel. You now pay like 3x as much as you did two or three years ago - and the high prices are maintained. That's a cartel. That has nothing to do with a free market. I also think mandatory jail times for the CEOs need to happen. It can not be that they can buy their way out of punishments and damage they cause against society. | ||
| ▲ | toyg 6 minutes ago | parent [-] | |
Capitalism does not assume anything. If anything, unfettered capitalism naturally gravitate towards monopolies and rent-seeking, since they provide large and stable margins. The technological progress is an accidental byproduct of efficiency drives, which is an occasional byproduct of economic systems in specific historical circumstances. | ||