When everything is working normally and how they are supposed to, the economy is supposed to favor the consumer.
Is it?
Pretty sure capitalism, in it's pure form, is supposed to try to strike a balance. If you lean too far towards pro-consumer, the industry suffers and they start to go under. If you lean too far pro-industry, the consumer suffers and they stop consuming. Ideally, they will reach some equilibrium based on supply and demand.
It's when something puts it's hand on the scale to prevent that equilibrium from being achieved. A monopoly, or near monopoly, is one way that has been abused in the past.
I would say, LazyGamer has a point, we are looking at it in one slice of time here, and you can't really do that: you have to give time for the market to make adjustments.
That said, Zath also has a point -- we are following covid and a mining boom, and we don't have a very healthy market when one company has nearly 80% market share - so there is a decent slice of time that has existed where things have been out of whack. And you can easily point to the most recent generations past where nVidia has a history of ratcheting prices up, and with no effective competition to check on that, consumers either swallow it, or do without.
I'm hoping it does correct and we see ... if not a lowering of prices, at least the return of affordable SKUs and the lower-mid tier marketplace. The entire market niche below about $300 is just being largely ignored right now. We have a few cards that are now selling at those price points due to discounts and such, but no one is catering to that market, and it's the largest market for aftermarket cards that exists.
My totally anecdotal proof: The 1060 is still the #1 card on Steam Hardware Survey: a GPU coming up on 7 years old.