Lack of regulations resulting in a rampant speculation like the above is by definition one of the core tenets of free market. That free market just don’t work for people like me or you.
It’s both, it’s a nice illustration of how free is a free market. You could for example speculate on RAM trade or anything else, but the dude with billions of dollars can literally control entire trade.
In this case it’s precisely lack of regulation. There’s no law forbidding doing this. Now imagine how shit it was with essentials (Irish famine for example).
It’s just how free market works against free market, leading to capital concentration, basic and unavoidable capitalist contradiction.
Nothing free about us markets lol
Lack of regulations resulting in a rampant speculation like the above is by definition one of the core tenets of free market. That free market just don’t work for people like me or you.
People think “free” means “I can do whatever I want,” but really it usually means “people with more power than me can do whatever they want to me.”
It’s both, it’s a nice illustration of how free is a free market. You could for example speculate on RAM trade or anything else, but the dude with billions of dollars can literally control entire trade.
No, there’s plenty of regulation, it’s corrupt regulation and that’s not free market.
In this case it’s precisely lack of regulation. There’s no law forbidding doing this. Now imagine how shit it was with essentials (Irish famine for example).
Go ahead and start your own memory fab then, there’s no regulation stopping you apparently.