Jeff Bezos explains to @AOC how billionaires are created: providing at least a billion dollars in value to society -- the opposite of exploitation.
Bezos: "Let me give you a simple example. Let’s say you start a burger joint, and you have 10 employees, and you make a little bit of money.”
SORKIN: “Right.”
Bezos: “Until you have — this is — this just one — one outlet. And by the way, these are the most delicious burgers in the world. People love your burgers, Andrew. And so then, you open a second outlet —”
SORKIN: “Right.”
Bezos: “— and now you’re making a little bit more money, and you have 20 employees. Nd you open a third outlet. By the time you’ve opened a thousand outlets, you are a billionaire.”
SORKIN: “Right.”
Bezos: “And by the way, this is a real life story, it happens all the time, it’s In-N-Out Burger, it’s Raising Cane’s Chicken. At what point did that money all of a sudden become unethical, or it didn’t? There was one outlet, and then there were two, and then there were three. What you’re doing — the way — the way you make a billion dollars, or a hundred million dollars, or 10 million dollars, or anything, is you create a service that people love. And if millions of people choose your service, you’re going to end up with a billion dollars.”
SORKIN: “Right.”
Bezos: “And you can, you know, just try it with a chicken franchise.”
SORKIN: “Do you think though —”
Bezos: “But your chicken has to be good.”
Jeff Bezos responds to AOC saying "you can't earn a billion dollars."
"The way you make a billion dollars is you create a service that people love. And if millions of people choose your service, you’re going to end up with a billion dollars."
Here’s a clear explanation of why Trump attacked Iran, and why I think the war will end soon.
The war isn't about nuclear weapons. It's not about helping the Iranian people. It’s not about doing Israel’s bidding. And it's not about Iran being a threat to the U.S.
It's about China.
China imports 45-57% of its oil through the Strait of Hormuz. Iran has the capacity to shut it down.
A U.S.-aligned Iran means an Iran that would choke off that strait if there's ever a real power struggle between Washington and Beijing.
And there already is one.
The U.S. and China have been locked in a tariff war for over a year now.
Also remember when China threatened export controls on rare earths, encompassing any company anywhere in the world that uses Chinese rare earths?
Yes, China essentially said that any company that uses their rare earths (China refines 85-90% of the world’s supply) must seek their permission before exporting their products.
This means if a German manufacturer uses rare earths fro China to create chips for American companies, China can block the export of these chips.
That’s how much leverage China has over the U.S., and that’s dangerous, especially if China finally decides to reunify with Taiwan.
So controlling the Strait of Hormuz becomes critical for the U.S.
It's the same reason Trump wants China out of the Panama Canal. The same reason Venezuela matters.
The same reason he's eyeing Greenland, where shipping routes to China pass through melting Arctic ice.
Energy is everything now. The AI arms race is the most important strategic competition on the planet.
Limiting China's access to energy is how the U.S. wins that race, and anyone who believes in freedom and democracy should want America to win.
China is investing heavily in domestic energy, building nuclear reactors, solar farms, wind power. They're leapfrogging the rest of the world.
But they still import the majority of their oil. And a significant chunk of it comes through the Strait of Hormuz.
Iran was reportedly nearing a deal for supersonic anti-ship cruise missiles from China, which would make it easier for Iran to threaten shipping in the Strait and strike U.S. naval vessels.
That accelerated the timeline.
Trump's comment today about doing in Iran what he did in Venezuela makes perfect sense in this context. He wants influence over who comes next.
A regime that's workable for Washington.
If he succeeds, this would be a massive strategic win for the U.S. and for Trump.
culture and society feel increasingly ephemeral. sometimes it feels like everyone is saying so much that they are saying nothing at all.
this message is going into the abyss.
JAY-Z talks about the reason he built Roc Nation after achieving his initial goal of becoming successful with his friends.
“ok here’s all the information we gathered… Here it is Rihanna. Here it is Kanye. Whomever, whomever”
“If we create a $1 billion dollar company, you create a $7 billion dollar company”.