We are being charged more for new products which are not even as good as the old products were in those price brackets. Take the 6600XT with a msrp of nearly £400 which we know will be £500+ by the time it gets to the customer, this isn't even as fast as last generation 2070 super/5700XT which were available for under £450 and as low as £350.Or alternatively called business. Capitalism is private ownership of industries, rather than government. It’s why even much of China is now considered to be capitalism. Business needs to make profit to reinvest in R&D. Shareholders also take a cut.
Without enough profit, a business doesn’t invest in new products. AMD’s revenues have doubled year on year, with a 4 points increase in margin. This increased margin is very plausibly due to the significant increase in revenues whilst keeping their fixed cost constant/controlled. That is good business practice, without the need to take more margin on your product sales.
it certainly doesn’t support a view that customers are being ‘fleeced’ (taking someone’s money dishonestly) by AMD or Nvidia over GPU prices (or any of their consumer products for that matter).
Then we had a 6 core CPU going for £300+ which was almost double the price of the previous generation 6 core while only being 15-23% faster but was slower in multithreaded vs the previous generation 8 core which sat in that price bracket.
We've been told of disruption from covid, poor yields, part shortages and component prices increasing, shipping costs increasing yet with seeming all these problems AMD / Nvidia and their hard done by AIB partners are all making record profits and this all stems from the fact that customers are being over charged.