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by olfactory 2893 days ago
Today we have a military industrial complex supported by both parties and our most vital student loans (championed by our "left" party) come with no bankruptcy protection.

We do have a very strong Federal government, but it's designed to funnel money to various interest groups.

By making compute infrastructure affordable and by making consumer review data available for all products, Bezos is a champion of the little guy. He hasn't gotten rich through government crony capitalism or fraud, he's done the simplest stuff better than anyone else could. He let's people buy products that are reviewed thoroughly by other customers, he has a reasonable return policy, etc. This benefits consumers AND honest merchants selling through the platform.

AWS has made it way cheaper to start and scale many kinds of tech startups, and paved the way for firms like Heroku and DigitalOcean, and the entire vps ecosystem.

Bezos is a master of infrastructure execution. This is extremely rare, as we can see from the fate of Jet and Azure. Year after year the genius of his business tradeoff decisions and strategies become more clear. This is why he's wealthy. What we need are more people with that kind of vision and ability to see the big picture and solve real, unsexy problems.

Before AWS I had dealt with Dell as a part of several startups. The sales people were shady and they tried to milk every penny out of the customer for semi-proprietary hardware that was expensive to support. People flocked to AWS to escape the kind of predation and mediocrity championed by Dell.

Most readers of HN have the technical ability to have started AWS but (if they were of age at the time) did not see the opportunity and the path to execution. Bezos did. Let's give him some credit. I think he's one of the most remarkable visionaries of our age.

3 comments

I have no rebuttal here, but I'm curious what your thoughts are regarding Bezos's well-documented mistreatment of workers. Why would he do that?
>By making compute infrastructure affordable and by making consumer review data available for all products, Bezos is a champion of the little guy. He hasn't gotten rich through government crony capitalism or fraud, he's done the simplest stuff better than anyone else could. He let's people buy products that are reviewed thoroughly by other customers, he has a reasonable return policy, etc. This benefits consumers AND honest merchants selling through the platform.

He didn't do this, his workers did. How many of his workers are making minimum wage, with no health insurance or health insurance they can't afford deductibles for? How many of his warehouses don't have air conditioning? How many people working for Amazon are forced to pee in bottles, pushed beyond their limits?

He's not sitting there shipping all packages, not sitting there soldering amazon echo's, his workers are.

$150 billion shouldn't exist for Bezos and Bezos alone, as the wealth should be spread around the company to the workers who actually do the work. We likely wouldn't be this situation of extreme inequality if this was the case. It's disgusting selfishness that is allowed by our current system.

Not saying that I disagree with the sentiment of your comment but Bezos does not have $150B. I would be surprised if he had any more than a few million in cash/liquid assets. His worth is tightly coupled to the value of Amazon stock that he owns. A lot of workers do benefit from their stock increase through granted stock options.

All that said. Amazon needs to take a long hard look at how they manage their warehouses and fulfillment centers when it comes to workers rights and common decency.

How many of the workers chose to work there instead of some other, inferior option? How many are proud of what they accomplished? How many went on to found other successful startups like Instacart?

selfishness is allowed? Is it possible to disallow a core human trait?

Yes. Envy is a core human trait as well. Some people envy their neighbor's car. Stealing it is still forbidden by law.

Likewise, disallowing envy (or selfishness) by itself is not possible, but making illegal the actions that result from those feelings can (and sometimes should) be outlawed.

Completely agree. Bezos is great. This is not so much an attack on Bezos as it is an attack on a system that let's 30 single individuals amass more wealth than the bottom 3 billion.
except the mass majority of the bottom three billion live where governments do respect property rights. private wealth only exists where that is true, otherwise all wealth would be concentrated in the hands of politicians as it is in many places; well that and their very select friends most of which they installed over state resources.
I mean poverty is poverty even in America.

50% of Americans can't come.up with 500 bucks in case of emergency.

If you have a checking account you probably have more liquid assets than the bottom 3 billion.
Exactly. I'm apparently in the top 0.5% and it always feels like money is tight. Anyone who must work for a living is in a sense poor.
3 billion combined? Because that's what the parent comment was implying. Your point hardly seems like a fair comparison.
The bottom 3 billion probably has zero net worth: no property, no assets. So my point was a fair comparison.
"In 2013 we estimate that 3.2 billion individuals – more than two thirds of adults in the world – have wealth below 10 000 dollars."[1] In total they also estimate that those 3.2 billion individuals have a combined wealth of 7.3 trillion dollars.

So, unless you're implying that everyone who has "a checking account" has more than 7.3 trillion dollars, sorry, it's just not the same.

I'm not denying that there is extreme inequality between poor in America and poor in Africa or India.

But let's not make false comparisons between having a banking account and being in the top 30 wealthiest individuals. Having a banking account is not the same as having 7 trillion dollars in wealth.

[1] https://publications.credit-suisse.com/tasks/render/file/?fi... (year 2013, page 21)

Yeah but you can still be living in the same relative poverty as they are.