It just goes to show how totally corporations have captured western aligned governments. Our governments are powerless to do anything (aside from some baby steps from the EU).
China is now the only solution to fix broken western controlled markets.
Cynicism in unhelpful, and it's not correct. This has nothing to do with governments and everything to do with market economics. This sort of thing happens every few years in computing.
Then what's your solution? It's a capital intensive business to get into, without some regulatory changes either on the supply side or the demand side, there's no way for it to be naturally prevented without consumers bearing the brunt of the downside. Yes, the market will eventually correct itself but until then consumers suffer.
The only legal check for monopoly corporations is regulation/taxation. That doesn’t work cross border. Especially when the other side has nationalised and artificially props the monopoly.
The solution then is removing the product from market till local competition takes its place.
prewett|12 days ago
KRAKRISMOTT|12 days ago
brador|11 days ago
The solution then is removing the product from market till local competition takes its place.