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The Bezos Theory of Value Is Deeply Disturbing — William Banks

Summary:
The rationale for capitalism as a socio-economic system based on individualism. (No systems awareness.)In his final letter to shareholders as Amazon CEO, Jeff Bezos offers a novel — and profoundly disturbing — conception of value creation: a handful of visionaries are the sole source of all “real value.” This aristocracy mercifully blesses customers, clients, and even Amazon workers with social goods.JacobinThe Bezos Theory of Value Is Deeply DisturbingWilliam Banks

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 The rationale for capitalism as a socio-economic system based on individualism. (No systems awareness.)

In his final letter to shareholders as Amazon CEO, Jeff Bezos offers a novel — and profoundly disturbing — conception of value creation: a handful of visionaries are the sole source of all “real value.” This aristocracy mercifully blesses customers, clients, and even Amazon workers with social goods.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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