News GPU Prices Will Eventually Plummet, Analyst Says

[InvalidError]

Capitalism has never killed anyone.

Except for the millions of people who die each year from all of the toxic waste companies dump into the environment in their pursuit of ever increasing profit margins, the millions of people who die because they cannot afford medical care many of which related to the previous point, the thousands of people who die each year because the military industrial complexes around the world needs to coerce their governments into endless war to secure their own on-going existence, etc.

Countless people are going to die regardless of what economic system you put in place so long as you have corrupt leadership looking to hoard power and wealth for themselves and their circles.

 

[digitalgriffin]

Except for the millions of people who die each year from all of the toxic waste companies dump into the environment in their pursuit of ever increasing profit margins, the millions of people who die because they cannot afford medical care many of which related to the previous point, the thousands of people who die each year because the military industrial complexes around the world needs to coerce their governments into endless war to secure their own on-going existence, etc.

Countless people are going to die regardless of what economic system you put in place so long as you have corrupt leadership looking to hoard power and wealth for themselves and their circles.

Buckle up. It's going to get worse...a lot worse.

 

[Endymio]

Except for the millions of people who die each year from all of the toxic waste companies dump into the environment

Millions? And 300 million children in the US have died from Covid. Stating absurdities don't make them true.

If you want to see a true environmental catastrophe, though, check out some of the former Soviet Republics, with used nuclear reactors being dumped unceremoniously into rivers and shallow offshore waters, heavy metal water contamination not just "toxic" but ten thousand times beyond safe levels, and a majority of all babies in some towns being born deformed or mentally deficient.

Or China: "Thousands of dead, bloated pigs floating down the river that supplies Shanghai with its drinking water. Air pollution in Beijing so impenetrable the U.S. Embassy's air quality measuring station can only call it "beyond index." Industrial towns where rates of cancer are so high they're known as "cancer villages." ...

I'll stick with capitalism, thanks.

 

[bigdragon]

I am continuously surprised that we don't take the best parts of each economic system and mix them together. What the US has today looks more like an unregulated vacuum sucking tons of people dry while a select few reap all the benefits. GPUs, airlines, every company that relies on employees independent contractors, financial institutions, and others are not the career-minded, customer-pleasing, growth-oriented entities they used to be.

Covid and the supply crises laid bare today's greed-focused environment. Everyone -- from gamers to home buyers -- is getting screwed. Given all the GPUs clogging up shelves at Microcenter now, the price of GPUs should be dropping wildly...but they're not. They're just sitting there. Likewise, we should be building all sorts of homes like crazy, but instead it's just an inadequate number of "luxury" residences. Things are beyond screwed up.

 

[InvalidError]

What the US has today looks more like an unregulated vacuum sucking tons of people dry while a select few reap all the benefits. GPUs, airlines, every company that relies on employees independent contractors, financial institutions, and others are not the career-minded, customer-pleasing, growth-oriented entities they used to be.

Wealth concentration going completely out of control is the logical end-game of a market where corporations are required by law to maximize shareholder benefits with few to no restraints regarding how badly they can screw their workers, contractors, customers, suppliers, the environment, etc. over.

The main change that is needed is making corporations accountable to all stakeholders, not just shareholders and greedy executives.

 

[USAFRet]

To steal a quote, capitalism is the worst economic system -- except for everything else we've ever tried. Capitalism has never killed anyone.

While the first part of that is absolutely true, the second part is absolutely laughable.

How many military actions have occurred to protect profits?
How much misinformation has been promoted to protect and promote profits?
How many mines around the world pay peanuts so you can have a cheap(er) GPU?

 

[Endymio]

How many military actions have occurred to protect profits?

Quite a few. What's your point? Equating "profit motive" with capitalism is inanity personified. It seems you're not even aware of what the terms being discussed here even mean. Extracting money and resources through the barrel of a gun is the exact antithesis of laissez-faire capitalism. And do you honestly believe greed doesn't exist in all economic systems? Capitalism doesn't create the desire for profit. It limits how that desire can be fulfilled -- only through a free and willing exchange between parties. Do societies that are somewhat capitalist break that rule? Sure. So what? That's like saying that, because you saw a rail-thin model eating ice cream, that ice cream makes you skinny.

How many mines around the world pay peanuts so you can have a cheap(er) GPU?

I honestly don't understand how, in this day and age, with such a wealth of easy access to information, that people can remain so ignorant of basic economics. Google "effects of a price floor" as to why your example fails muster.

 

[Endymio]

The main change that is needed is making corporations accountable to all stakeholders

The only "stakeholders" of a corporation are those who own shares. It's their property, not yours. If you don't like their products, don't buy them. End of story.

 

[USAFRet]

Quite a few. What's your point? Equating "profit motive" with capitalism is inanity personified. It seems you're not even aware of what the terms being discussed here even mean. Extracting money and resources through the barrel of a gun is the exact antithesis of laissez-faire capitalism. And do you honestly believe greed doesn't exist in all economic systems? Capitalism doesn't create the desire for profit. It limits how that desire can be fulfilled -- only through a free and willing exchange between parties. Do societies that are somewhat capitalist break that rule? Sure. So what? That's like saying that, because you saw a rail-thin model eating ice cream, that ice cream makes you skinny.

I honestly don't understand how, in this day and age, with such a wealth of easy access to information, that people can remain so ignorant of basic economics. Google "effects of a price floor" as to why your example fails muster.

Well...it seems by your definitions, there is no such thing as "capitalism".

I'm out, and this thread should be closed due to wandering far off the rails.
But since I've personally commented, I'll not be the one to close it.

 

[InvalidError]

The only "stakeholders" of a corporation are those who own shares. It's their property, not yours. If you don't like their products, don't buy them. End of story.

The people who suffer the consequences of a corporation's actions including having to pay for corporate bail-outs through their income taxes are stakeholders too.

 

[ex_bubblehead]

.....I'm out, and this thread should be closed due to wandering far off the rails.
But since I've personally commented, I'll not be the one to close it.

I however will be the one to close it.