The memory shortage is causing a repricing of consumer electronics
231–240 of 682 posts
Re: The memory shortage is causing a repricing of consumer electronics
#232Earlier quoted context omitted.
> But you struggling with rent is entirely your problem... Who said anything about struggling with rent? Sounds like you a grasping for a straw man. > I hope that India too can emulate this in my lifetime I, too, hope the best things for the people of China and of India. But India, by any metric, is already a capitalist economy, where its wealth is concentrated in the hands of a very few. To the extent that China has…
> capitalism is the driver of equality? Nope. It is the driver of opportunity, though. It's up to individuals to take advantage of the opportunity, or not.
The problem: there's a second phase 50 years later, where the risk takers from 50 years ago own the world and do their best to prevent further rewards flowing to new risktakers. We are in that phase now.
The other problem: when the reward is so great, you do everything to get ahead, even illegal things, because the expectation value (winning*P(winning) + prison*P(caught)) is still positive.
Re: The memory shortage is causing a repricing of consumer electronics
#233Earlier quoted context omitted.
>It's up to individuals to take advantage of the opportunity, or not. The problem is that after decades monopolies consolidated and you have massive offshoring of labor to cheap countries and offshoring of profits to tax havens, there's not much opportunities the working class individuals can take, as all the opportunities are now geared towards the asset owning rent seeking class.
There are endless businesses you can start with little to no capital.
Re: The memory shortage is causing a repricing of consumer electronics
#234What was most surprising about all this to me was this line: > So modern DRAM manufacturing is an extraordinarily complex and expensive process. Building a single state-of-the-art DRAM fabrication facility, a “fab,” will cost you about $15 to $20 billion; acquiring all the necessary equipment, like lithography tools and etching machines, will cost you another few billion; and then it’ll take you a few years of produc…
Re: The memory shortage is causing a repricing of consumer electronics
#235Earlier quoted context omitted.
US tariffs are mostly dead. Ruled illegal and being refunded. Second attempt at tariffs has also been stopped. And inflation over the past 5 years is still milder than the late 70s and definitely milder than what has been seen in Turkey or Argentina or Zimbabwe.
refunded to whom? the businesses? great! where’s my refund as a consumer who paid those higher costs (passed along to me)?
The imported stuff you bought retail unfortunately won't be refunded (unless one of the current ongoing class action lawsuit will win).
Re: The memory shortage is causing a repricing of consumer electronics
#236Earlier quoted context omitted.
That has little to do with what I said. A third of the world lives in poverty. That's the fault of capitalism.
About 90% of the world lived in poverty before capitalism. Besides, America's poor have a higher standard of living than medieval kings.
Capitalism by itself does not produce egalitarian wealthy society. The system divides the populace into "capital owners" and "workers" who are in direct conflict.
There are plenty of capitalistic countries where most people are poor. In fact many of the as said Western countries has also high levels of poverty while running capitalism in the 1800 etc until post WW2 social democratic movements.
Once you dismantle those social democratic constructs such as labor unions and start shifting more power to the capital holders you'll see how the society splits apart to rich and poor. The rich use their wealth and power to rig the system to benefit themselves even more and become richer at the expense of everyone else. Ultimately they will remove democracy because functional real democracy is a threat to their wealth.
Re: The memory shortage is causing a repricing of consumer electronics
#237So, if you were wondering how come LLM services are cheap or gratis - now you know another group of people bearing the costs: The poorer half of humanity, who will now not be able to afford a smartphone, i.e. not having access to a computer. Sure, that doesn't kill you, but it is quite significant personally and socially.
That's the worst critique of AI I've ever heard, and I've heard a lot of it.
Re: The memory shortage is causing a repricing of consumer electronics
#238Earlier quoted context omitted.
That’s an entirely different framework, one that doesn’t concern investment decisions of Apple or Google. I do agree that USA and EU could foot the bill and subsidize a couple billions in such industrial infrastructure, perhaps taking back a cut of the profit rather than privatizing all of it. But they’re not doing it, or are making pitiful efforts at that
It's just an insane amount of money to invest with the long-term effect of you oversaturating the chip market. Throwing 20B into a chip fab in the EU would be politically a very unpopular move, if it's done as a public company or worse directly state owned, you'll royally piss of Taiwan, South Korea and China and it's likely they'd retaliate by e.g. subsidising their auto industry more in order to give the death blow…
The solution to threats to global economic integration is to address the threats to global economic integration. It's not to cannibalise our own full-employment high value economies, by diverting enormous capital and labour into duplicating vast swathes of lower value jobs we don't actually have the work force for anyway, just so we can pay unaffordable prices for the resulting goods.
We probably both agree it's an absurd fantasy, and the people trying to make stuff like this happen are implementing policies that ensure that it won't, such as putting tariffs on the inputs they need to build out this domestic manufacturing capacity in the first place.
Re: The memory shortage is causing a repricing of consumer electronics
#239Re: The memory shortage is causing a repricing of consumer electronics
#240Earlier quoted context omitted.
State run (or heavily regulated) services around here in Eastern Europe: health care, education and housing. All incredibly bad and expensive, I pay huge chunks of my monthly salary for them and I try to avoid them at all costs. They get worse and more expensive with time too. All the other services and products I use in my life, from the car I drive to the clothes on my back, the food I eat and the device I write th…
Health care, education and housing have been getting worse and more expensive in the US over the decade also. Must be all that nationalization.
I don't think that your chance of survival of a heart attack or lymphoma got worse since 2016.