Please place it in the context of server farms, bitcoin mining and deregulation that also cut the cord of vertical integration.
Yes, we have far too much market distortion and I agree that it's a key to understanding. That said, carefully-regulated monopolies also froze out the reselling parasites.
Ted, Bitcoin didn't arise until 2009, and the dynamics I mention above all precede that -- so what are you talking about? I'll add a third chart to show the problem was baked into the cake by 1973.
Please place it in the context of server farms, bitcoin mining and deregulation that also cut the cord of vertical integration.
Yes, we have far too much market distortion and I agree that it's a key to understanding. That said, carefully-regulated monopolies also froze out the reselling parasites.
Ted, Bitcoin didn't arise until 2009, and the dynamics I mention above all precede that -- so what are you talking about? I'll add a third chart to show the problem was baked into the cake by 1973.