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- Jeff Bezos says socialism gains traction because of ‘real affordability pr...
Amazon and Blue Origin founder Jeff Bezos explained in an interview on Wednesday why he thinks socialism is gaining traction among some politicians and voters, and what he thinks they're getting wrong.Bezos spoke on the factory floor of Blue Origin's Space Coast facility with Fox News' Bret Baier in an interview that aired on "Special Report" and was asked about the factors driving some to embrace socialism."One, we do have real affordability problems. So people look at the cost of housing, for example, and it's very expensive. And so you can't pretend that there are no problems," Bezos said. "I don't think we should underestimate the problems, but we should also look at what the real solutions are."Bezos said that housing is an important example because it's "a place where a lot of the government intervention that's happened has been counterproductive. Instead of working on the real solution, it's very common for, in the case of housing, certain politicians to point at landlords and say this is the fault of greedy landlords."JEFF BEZOS PREDICTS AI WILL CREATE A LABOR SHORTAGE, NOT REPLACE HUMAN WORKERS ACROSS THE ECONOMY"This isn't what's going on. Housing is a simple supply and demand situation. It's econ 101," he said, adding that "if you put in place government programs that subsidize demand and constrain supply, you are going to get high prices.""If you can look at a counterexample, which is Austin, where over the last 10 years they've implemented many policies designed to make it easier to build houses, and they have housing prices going down in Austin," Bezos said.THE HISTORY OF SOCIALISM IN THE US – AND WHY THE AMERICAN DREAM PREVAILSHe added that when voters are filling out their ballots, they should think about whether a politician is more focused on offering solutions to problems or pointing fingers to cast blame on their opponents."If there's a politician who's picking villains and pointing fingers, that probably means they don't have a solution. Because if that is a solution, instead of blaming somebody, they would be working on the solution," Bezos said.IMMIGRANT WHO DEFENDED AMERICAN DREAM AGAINST SOCIALISM FIRES BACK AT CRITICS, WARNS: 'DON'T BE FOOLED'The Amazon and Blue Origin founder added that if someone at one of his companies were to come into meetings and "instead of working on a root cause and a root fix and a real solution to the problem, all they… [TheTopNews] Read More.2 hours ago - Protesters blame ‘vulture funds’ for Spain’s housing crisis
Hundreds have pitched their tents in central Madrid, while the Spanish prime minister has called a snap election. [TheTopNews] Read More.3 hours ago - Why a Starbucks takeover of Chipotle would — and wouldn’t — make sense...
Starbucks has reportedly been working with advisers on a takeover proposal for Chipotle, but a potential deal comes with pros and cons for investors. [TheTopNews] Read More.4 hours ago - Judge Extends Pause on Trump’s Ban Against CNN, MS NOW and Politico
The judge overseeing the case said that the pause would extend until next week, and promised to decide whether to further extend it by Tuesday. [TheTopNews] Read More.4 hours ago - How soon into dating do you talk about your salary?You've met someone and it's going well so far. But bringing up how much you both earn can be a tricky conversation. [TheTopNews] Read More.4 hours ago
- ‘I don’t know what my partner earns’: How soon into dating sho...Talking about salary, spending habits and debt can be some of dating's trickier conversations. [TheTopNews] Read More.4 hours ago
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