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Sony Shuts Down Nearly Its Entire Memory Card Business Due to SSD Shortage (petapixel.com)
submitted 4 months ago by to c/technology@lemmy.world
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[–] 6 points 4 months ago (2 children)

It can't be completely circular. There is an end customer that will expect something for their money eventually. Right now it's driven by huge amounts of debt, but you can't be on that forever. At some point it unwinds

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  • [–] 9 points 4 months ago (1 child)

    It seems that end point is government bailing out banks using taxes, and people are paying more for the same due to inflation, while their salaries do not catch up with the cost of living.

    This seemingly happens in US right now.

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  • [–] 3 points 4 months ago

    The rationale for bail out the banks previously was that the retail arms (what you and I use) were so intertwined with the commercial arms that allowing the commercial part to fail caused the loss of everyone's money. Regulation was introduced (at least in the UK. I don't know about elsewhere) that ring fenced the two from each other, making future bailouts unnecessary. The commercial arm would shoulder the risk of its own investments.

    Doesn't stop corrupt politicians bailing them out though.

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