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The memory shortage is causing a repricing of consumer electronics

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Re: The memory shortage is causing a repricing of consumer electronics

#521

Post by WalterBright »

hackyhacky wrote: post #500
WalterBright wrote: post #485

Earlier quoted context omitted.

I was just watching "Shock and Awe", a documentary on Amazon, about the development of electrical theory and products. It was driven largely by people who wanted to make money off of their inventions. None of the progress came from communist countries. Did you know that Gutenberg invented the printing press in order to make money? Did you know the Wright Bros invented the airplane in order to make money? And so on an…

> It was driven largely by people who wanted to make money off of their inventions. I am getting a little tired of repeating myself, but you're evidently confused so I'll indulge you. The opposition to capitalist as a monetary system does not imply the opposition to the profit motive. As I've said several times, and which you continue to ignore, the exchange of goods and services in the form of commerce requires the…

Well, you do repeat Marxist tenets, like the class struggle and the labor theory of value.

Re: The memory shortage is causing a repricing of consumer electronics

#522

Post by svachalek »

sophrosyne42 wrote: post #218
richforrester wrote: post #20

Earlier quoted context omitted.

Literally the most overwhelming thought, reading this, is "man, capitalism is a mistake" The amounts of money circulating whilst some of us struggle to make rent ... Nothing fair, or just, about this world we live in

> The amounts of money circulating whilst some of us struggle to make rent ... It may be expressed in terms of money, but these are assets and capital. You wouldn't find a fab a very comfortable or satisfying place to live. The reason the numbers get so big is the gargantuan accumulated savings that are prepared to fund the similarly gargantuan ventures. The large numbers are supported by maintaining and sustaining t…

That's right. Housing is not an asset to society or the economy, it's a drain that wastes money on preserving human life. Unlike valuable uses of capital like options trading and cryptocurrency.

Re: The memory shortage is causing a repricing of consumer electronics

#523

Post by wg0 »

gbgarbeb wrote: post #519
wg0 wrote: post #513

That's why it is very important for these AI companies to go bust for the collective good.

It'll definitely happen. After all, the collective hate for the oil barons 100 years ago put them out of business in a jiffy. /s

Oil companies were profitable.

Oil always burned provided there's oxygen.

Price of oil was crystal clear how much you'll get for what you're paying.

And nothing else was affected with supply of oil.

No harm in keeping comparisons inline with the subject matter at hand.

Re: The memory shortage is causing a repricing of consumer electronics

#524

Post by hackyhacky »

WalterBright wrote: post #521
hackyhacky wrote: post #500

Earlier quoted context omitted.

> It was driven largely by people who wanted to make money off of their inventions. I am getting a little tired of repeating myself, but you're evidently confused so I'll indulge you. The opposition to capitalist as a monetary system does not imply the opposition to the profit motive. As I've said several times, and which you continue to ignore, the exchange of goods and services in the form of commerce requires the…

Well, you do repeat Marxist tenets, like the class struggle and the labor theory of value.

Just because they are Marxist tenets doesn't mean they aren't true. Feel free to refute them if you feel otherwise.

Re: The memory shortage is causing a repricing of consumer electronics

#525

Post by JuniperMesos »

technoloch wrote: post #147
JuniperMesos wrote: post #127

Earlier quoted context omitted.

I own FAANG stock because I own the S&P 500 in my retirement accounts, and so do managed pension funds. There's a lot more than billionaires who benefit from FAANG shares going up in value.

I agree, the sentiment that billionaires are the only beneficiaries of share value increases is misinformed, but the mentality of profit chasing is a long term security risk not just to the nation, but to the continued rise in value of said shares. Once China has enough of a grip on their domestic attempts at semiconductor fabrication, these company's supply chains will be completely compromised, allowing China to pr…

This is a general argument in favor of protectionist tariffs and against free trade.

Re: The memory shortage is causing a repricing of consumer electronics

#526

Post by inglor_cz »

wing-_-nuts wrote: post #415
inglor_cz wrote: post #272

Earlier quoted context omitted.

Sure, if actual availability of healthcare to an average American has grown worse, that would be a bad result. But that is something you should demonstrate with data instead of just asserting it.

I mean one can go look at the health outcomes of the average american vs other developed nations, and see that we do not get much for the amount of money we spend. I won't bother to argue this with you. If you're genuinely operating in good faith, you're just as capable of finding the studies as I am, and if not, there's really no point

When comparing average Americans and their health to average, say, Spaniards, we should not ignore the 400 lb gorilla in the room named "obesity".

Even Europeans are getting bigger, but America is way, way worse. Seeing those extreme landwhale-type people who cannot even walk around the mall and navigate it using a motorized cart, throwing bulk packages of horrible shitty ultraprocessed food and drinks into said cart, always makes me wonder how the hell is your healthcare system even capable of keeping them alive.

That is nothing short of a miracle, and should be taken into account in all international comparisons.

Re: The memory shortage is causing a repricing of consumer electronics

#527

Post by WalterBright »

hackyhacky wrote: post #497
WalterBright wrote: post #487

Earlier quoted context omitted.

> the most successful risk takers get to own the world 50 years later. Musk creating wealth has taken nothing from me. How about you? > 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. Did you know that Hackernews is run by wealthy people who fund startups? What illegal things…

> Musk creating wealth has taken nothing from me. How about you? That's exactly what he'd like you to believe. Where did that money come from? Did he just print it himself? > Musk creating wealth has taken nothing from me. How about you? Considering that billionaires are actively involved in writing the laws that ostensibly apply to them (see also: regulatory capture), I hardly think that legality should be highest b…

> Where did that money come from?

The value created by his company. That value can be turned into money by selling shares of it (stocks), or by borrowing against it (bonds).

Money is created by banks. When banks loan you money, that money is created by a notation in the bank's ledger. But they only loan money on collateral, which would be in this case the value of the company. The money gets destroyed (!) when the loan is paid off. But the value of the collateral remains.

Re: The memory shortage is causing a repricing of consumer electronics

#528

Post by tim333 »

>So it will be hard to avoid a great repricing of consumer electronics in the coming years

I would have thought in the coming years they'll build more chip plants or the AI bubble will crash or some such. If there's an effect it should be greatest now.

Re: The memory shortage is causing a repricing of consumer electronics

#529

Post by WalterBright »

hackyhacky wrote: post #317
WalterBright wrote: post #174

Earlier quoted context omitted.

There are endless businesses you can start with little to no capital.

> There are endless businesses you can start with little to no capital. Well, that's good news. I guess the cause of poverty must simply be laziness. That's convenient, because it allows me to demonize the lower economic classes without having to address the systemic inequality that rewards capital ownership over labor.

My dad told me I wasn't afraid at all of hard work. I had no problem lying down next to it and going to sleep.

Value is created by some combination of 1) working 2) taking risks.

Entertaining as it is, participating on HackerNews is not a path to making money.

Re: The memory shortage is causing a repricing of consumer electronics

#530

Post by WalterBright »

joe_mamba wrote: post #333
WalterBright wrote: post #174

Earlier quoted context omitted.

There are endless businesses you can start with little to no capital.

If you count being a Doordash or Uber eats self employed sole proprietorship as "endless business opportunities", then yeah you could be right.

I had a paper route as a boy. It was definitely a business, as I contracted with the newspaper publisher for it. I bought the papers from the publisher, delivered them, and collected money from the customers. How much money I made was a function of how many customers I could sign up for delivery. I made enough to buy a car.

Real estate agents operate in much the same way.

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