alt Hacker NewsWhat makes it manipulation? If 5 companies want to buy a quadrilion ram chips to build datacenters, why is this manipulation moreso than a million companies each wanting to buy 100 ram chips?
I think the problem is that both the buyers and producers are too large. Governments should not allow companies to become this big, because... <gestures broadly at everything>. If there were a thousand ram makers and a thousand datacenter builders, this particular problem would not exist.
But you can't just label any price evolution you dislike as "price manipulation".
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It's certainly price manipulation, but not likely to be intended price manipulation. Your arguments are flawed but you have reached the right conclusion.
This is one of the many flaws of badly regulated markets.
(There are no free markets, and there is never perfect information, and people often behave remarkably irrationally for many reasons.)
https://en.wikipedia.org/wiki/Phoebus_cartel
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It's interesting how little you've examined similar cases. And you some how assume good faith in their behaviors.
>What makes it manipulation?
Their size and the effect on the market they have
>×If 5 companies want to buy a quadrilion ram chips to build datacenters, why is this manipulation moreso than a million companies each wanting to buy 100 ram chips?
Because they are 5 companies, especially when it can be shown they work in unison (formed a cartel)