Well, if you’re a citizen, the country is yours, and the government is there to manage it, but some assholes in power managed to convince people that it’s the other way around
Even if the government is funded by money printed by the central bank, it would still be funded with “your money”. Every dollar printed dilutes your money by that same amount, ie it’s like a much more subtle tax that doesn’t follow any of the principles of proportionality, everyone pays the same (except those with little to no liquidity and everything invested, so it’s really a tax on the poor through inflation)
That only works if we (the collective we) have more money. If a rich person has more $$ than a small country that means the effect we have is equivalent.
That’s why micron is doing what its doing. We are no longer the customer. They voted for us.
But consumers are stupid. when they start selling ram again at a high price we should all boycot buying computers. instead a lot of people will just accept the new price. we saw it after the pandemic, people just accepting prices instead of holding fast and forcing prices down.
You’re saying this as a comment on an article about how drastically sales have already dropped due to the price increases… people are already doing that.
I am talking about when the price is no longer based supply. When we see their market bottom out on AI one would expect to see the price drop. But looking at recent history these massive companies keep the price high because consumers see it as the new normal.
Consumers will find a way to eventually afford this price bump when its not food, shelter or medical care. It just takes a little longer when it is not a necessity.
Every business is doing this for everything. To different degrees but they are all chasing their “get our fortune now and get the fuck out because the sky is falling” mentality. Have been since Trump 1.0 and now it’s accelerating rapidly.
You have to remember that “get that bag” is practically inherit to business. We spend a lot of time and effort making it illegal to fuck people over and do bad business stuff, but kinda-sorta since Regan the businesses have slowly been winning that battle.
That’s every company, most upper management don’t stay in one position for more than 2 years. So the system is setup for short term gains because investors aren’t interested in long term investments and the blowback is the next guys problem. Who then is looking for the next big win to cover up the last guy issues without fixing anything. Then they bring in someone to clean up the mess and the cycle starts again.
Plus most consumers have short memories or don’t have an alternative so their stuck. There are small groups holding on but for 75% of the world’s population right now it’s Android or iOS, AMD or Intel, AMD or NVIDIA, Samsung or WD or Seagate or SanDisk, Att or Verizon, Apple or Microsoft, and so on.
Not every company, just most. Privately owned corporations aren’t legally obligated to kill long-term viability for short-term gaing like publicly traded companies are.
Many owners of privately owned corps are that dumb, but not all of them
aren’t legally obligated to kill long-term viability for short-term gaing like publicly traded companies are.
Public companies are not obligated to do this. This is caused by the stock options that CEOs/other upper management gets. They want to maximize their gains on their could of years they serve before jumping ship to the next company.
False. There’s a thing called fiduciary duty where companies are obligated to make profitable decisions for their shareholders. If they don’t prioritize short term gains they’re opened up to lawsuits from investors
Also your reputation. I had a Crucial SSD and was days from getting an identical one as a backup but then they said they were stopping consumer RAM sales so they’re now on my blacklist.
Question is, though, who now isn’t on your blacklist?
Samsung and SK Hynix never sold to consumers directly, yet seem to be avoiding flak. Micron is now joining them in that.
Who do you get that isn’t that three? Almost all RAM on the market is Samsung, SK Hynix, or Micron.
On top of that, Samsung and SK Hynix were the ones that signed the OpenAI deal (OpenAI bought 40% of the world’s DRAM supply and kicked off panic buying), so tbh Micron is the least responsible for the current DRAM market issues.
what if we cannibalize our long-term viability for a short-term gain says every dipshit in charge of tech hardware manufacturing.
you know when the bubble pops and they no longer have AI companies buying RAM they will switch back to consumers and keep the high prices.
if they’re still around when the financial shell game they’re playing finally comes to a stop. who am i kidding the government will bail them out.
Using your money.
if the US government were actually funded by taxes, then everything the government does would be with “my money”
Well, if you’re a citizen, the country is yours, and the government is there to manage it, but some assholes in power managed to convince people that it’s the other way around
Even if the government is funded by money printed by the central bank, it would still be funded with “your money”. Every dollar printed dilutes your money by that same amount, ie it’s like a much more subtle tax that doesn’t follow any of the principles of proportionality, everyone pays the same (except those with little to no liquidity and everything invested, so it’s really a tax on the poor through inflation)
Profits for me, losses for thee
That only works if we (the collective we) have more money. If a rich person has more $$ than a small country that means the effect we have is equivalent.
That’s why micron is doing what its doing. We are no longer the customer. They voted for us.
ha. they are renting the datacenters back to us.
its gonna be forced cloud computing for us and total control for them.
Of course, not all the companies survive and now there’s decreased competition, so we can shove prices up a little bit further
Keeping prices above what people are willing to buy for, while the majority of their business goes bust, is not a recipe to stay in business.
But consumers are stupid. when they start selling ram again at a high price we should all boycot buying computers. instead a lot of people will just accept the new price. we saw it after the pandemic, people just accepting prices instead of holding fast and forcing prices down.
You’re saying this as a comment on an article about how drastically sales have already dropped due to the price increases… people are already doing that.
I am talking about when the price is no longer based supply. When we see their market bottom out on AI one would expect to see the price drop. But looking at recent history these massive companies keep the price high because consumers see it as the new normal.
Consumers will find a way to eventually afford this price bump when its not food, shelter or medical care. It just takes a little longer when it is not a necessity.
Absolutely
Every business is doing this for everything. To different degrees but they are all chasing their “get our fortune now and get the fuck out because the sky is falling” mentality. Have been since Trump 1.0 and now it’s accelerating rapidly.
You have to remember that “get that bag” is practically inherit to business. We spend a lot of time and effort making it illegal to fuck people over and do bad business stuff, but kinda-sorta since Regan the businesses have slowly been winning that battle.
That’s every company, most upper management don’t stay in one position for more than 2 years. So the system is setup for short term gains because investors aren’t interested in long term investments and the blowback is the next guys problem. Who then is looking for the next big win to cover up the last guy issues without fixing anything. Then they bring in someone to clean up the mess and the cycle starts again.
Plus most consumers have short memories or don’t have an alternative so their stuck. There are small groups holding on but for 75% of the world’s population right now it’s Android or iOS, AMD or Intel, AMD or NVIDIA, Samsung or WD or Seagate or SanDisk, Att or Verizon, Apple or Microsoft, and so on.
Not every company, just most. Privately owned corporations aren’t legally obligated to kill long-term viability for short-term gaing like publicly traded companies are.
Many owners of privately owned corps are that dumb, but not all of them
Public companies are not obligated to do this. This is caused by the stock options that CEOs/other upper management gets. They want to maximize their gains on their could of years they serve before jumping ship to the next company.
False. There’s a thing called fiduciary duty where companies are obligated to make profitable decisions for their shareholders. If they don’t prioritize short term gains they’re opened up to lawsuits from investors
Fiduciary duty does not require they tank long term profitability for short term gains. That’s an idiotic belief you have.
Also your reputation. I had a Crucial SSD and was days from getting an identical one as a backup but then they said they were stopping consumer RAM sales so they’re now on my blacklist.
Question is, though, who now isn’t on your blacklist?
Samsung and SK Hynix never sold to consumers directly, yet seem to be avoiding flak. Micron is now joining them in that.
Who do you get that isn’t that three? Almost all RAM on the market is Samsung, SK Hynix, or Micron.
On top of that, Samsung and SK Hynix were the ones that signed the OpenAI deal (OpenAI bought 40% of the world’s DRAM supply and kicked off panic buying), so tbh Micron is the least responsible for the current DRAM market issues.
how are they in control? market demand is an outside force