Re:Trump Issues Order to Block Broadcom’s Takeover of Qualcomm
by adventured on Monday March 12, 2018 @10:12PM
(#16573427)
The market is made of fallible humans with their individual goals, agendas, egos, whatever. It's not an organism of its own.
There's nothing about market systems that typically prevent stupid decisions. The market system, in theory and often in practice, delivers consequences from stupid decisions (see: IBM's current weakened condition and recent 23 straight quarters of contracting sales, while they blow all their profit on share buybacks and further concede the cloud biz - which they were early on - to AWS/Azure/Google).
There are no systems that do not consist of fallible humans. Whether we're talking traditional Socialism, Communism, Fascism, mixed systems, quasi free market, laissez faire.
There's nothing about market systems that typically prevent stupid decisions. The market system, in theory and often in practice, delivers consequences from stupid decisions (see: IBM's current weakened condition and recent 23 straight quarters of contracting sales, while they blow all their profit on share buybacks and further concede the cloud biz - which they were early on - to AWS/Azure/Google).
There are no systems that do not consist of fallible humans. Whether we're talking traditional Socialism, Communism, Fascism, mixed systems, quasi free market, laissez faire.