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The Guardian Now Thinks Jeff Bezos Deserves His Money

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Just a small observation but The Guardian’s business pages now seem to think that Jeff Bezos does, in fact, deserve his money:

Bezos is handing over fronting Amazon, but not his grip on his creation
Nils Pratley

Well, if it’s his creation then he did build that, didn’t he? Therefore he gets, righteously, that vast wedge of cash.

No, he doesn’t get it all. Other shareholders – including large chunks of the workforce – own 85% or whatever it is of the company, so they’ve got a share or two of that success. And we consumes out here, we’ve gained benefit too. Vastly more benefit than any of the insiders of course.

There are economists who would insist that Amazon – on its own that is, not just as part of online – has significantly reduced the inflation rate this past couple of decades for example. Tenths of a percentage point per year perhaps but that adds up. One or two percent over that time – we’re all 1 or 2% better off.

Bit of a change from what they say over on the editorial pages, isn’t it?

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4 COMMENTS

  1. If you give money to the Dems, it’s probably OK to be rich. There must be some deserving rich people otherwise the Guardianistas wouldn’t be able to justify their own wealth.

  2. Actually a very curious thing going on in that the Dems are making a lot of noise about Big Tech and reigning them in when Big Tech did all it could to deliver the White House and Congress to them. Perhaps it’s much more noise than substance, but the innate desire to regulate anything bigger than a little girl’s lemonade stand (and we’ll get to that too, of course) seems to be at odds with how hard Big Tech worked for them.

    • “…the Dems are making a lot of noise about Big Tech and reigning them in when Big Tech did all it could to deliver the White House and Congress to them….”.

      Well, Shell paid a lot of money to Greenpeace, but it didn’t stop them being attacked over Brent Spar. What was it the Churchill said about one who feeds a crocodile-hoping it will eat him last….?

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