"Jeff Bezos is obscenely rich, and in any moral society, he would not have that much money."
There's the rub. Buried near the bottom.
The guy thinks people should not be allowed to be too rich.
There's the rub. Buried near the bottom.
The guy thinks people should not be allowed to be too rich.
Or the fact that people get that rich points to a systemic flaw in the system. Bezos earns 4 million per hour, no matter if he's asleep or awake. It's pretty wild to assume he personally creates that much value. The only other justification is that society is distributing wealth in a skewed fashion.
The fact that capitalism is the best resource allocating framework we found, for managing society, shouldn't prevent us from discussing its flaws.
The thing that people forget is that democracy is inefficient, but it has less flaws than anything else we have tried in the past. I suspect Capitalism is similarly the least flawed system we've found so far. (don't know enough economic distribution history to be sure).
A lot of people claim socialism is much better, but I am not sure it works well at big scales, looking at say a country like India.
That is false. It was based on the appreciation of his Amazon stock at a cherry-picked moment in time. He's probably been losing millions per hour lately. In reality, his total compensation is less than $2M and his salary is less than $100K.