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Comment on REPORT: Arm is sensationally canceling the license that allowed Qualcomm to make Snapdragon chips which power everything from Microsoft's Copilot+ PCs to Samsung's Galaxy smartphones and tablets

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barsoap@lemm.ee ⁨1⁩ ⁨year⁩ ago

I’m not arguing for any policies, just explaining what would be necessary to make the theoretical model of the free market a reality in actual reality: It assumes perfect information and perfectly rational actors, it’s a tall order.

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lud@lemm.ee ⁨1⁩ ⁨year⁩ ago
What definition are you going by?

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- barsoap@lemm.ee ⁨1⁩ ⁨year⁩ ago
  Adam motherfucking Smith’s. He pioneered rational choice models in general.
  
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  - lud@lemm.ee ⁨1⁩ ⁨year⁩ ago
    And why should I listen to someone that defines a word differently than everyone else?
    
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    barsoap@lemm.ee ⁨1⁩ ⁨year⁩ ago
    Adam Smith came up with it. It’s also how actual economists use it. Don’t confuse that with how business majors, politicians, and generally peddlers of institutionalised market failure use it, they’re doing the 1984 “war is peace, freedom is slavery” thing.
    
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