Prices don’t generally recover; any reason for a price rise is a reason to make it the new norm.
Used to be, competition would spring up and keep them in check, but now that the entire market is 6 companies in a trench coat, any new competitor would just be acquired or forced out of business with legal demands or supplier tampering.
These companies have been found guilty of collusion in other markets (lcd panels anyone?) so what you are saying while factually correct, is in fact because of the failure to address the post collusion market. A fine is paid and then business as usual. It’s like a chicken vs egg argument except instead of just recognizing it doesn’t matter and regulate a market properly we use it as perfect justification for doing nothing.
Or gpu prices or hdd/ssd prices that never recovered from the tsunami. Consumers just keep getting fucked.
A rising tide drowns those who can’t swim.
Prices don’t generally recover; any reason for a price rise is a reason to make it the new norm.
Used to be, competition would spring up and keep them in check, but now that the entire market is 6 companies in a trench coat, any new competitor would just be acquired or forced out of business with legal demands or supplier tampering.
These companies have been found guilty of collusion in other markets (lcd panels anyone?) so what you are saying while factually correct, is in fact because of the failure to address the post collusion market. A fine is paid and then business as usual. It’s like a chicken vs egg argument except instead of just recognizing it doesn’t matter and regulate a market properly we use it as perfect justification for doing nothing.