Laurene Powell Jobs’s Organization to Take Majority Stake in The Atlantic
nytimes.com
nytimes.com
1. https://www.washingtonpost.com/news/wonk/wp/2013/11/11/at-th...
2. https://www.washingtonpost.com/news/volokh-conspiracy/wp/201...
3. https://www.washingtonpost.com/national/amazon-isnt-technica...
4. https://www.washingtonpost.com/news/wonk/wp/2014/01/30/amazo...
5. https://www.washingtonpost.com/business/is-amazon-getting-to...
To quote you from higher in the thread, "But it seems to be in their long term interest to have a fair, balanced political system and liberal society as we have now in the US." Is buying a news paper to promote that idea not a form of activism?
The WP has covered various union's arguments against Amazon, eg: https://www.washingtonpost.com/news/wonk/wp/2017/07/17/why-t...
I think you may misunderstand what left-wing people generally think. This quote from the above article summarizes it quite well:
Jon Leibowitz, a former Democratic chairman of the Federal Trade Commission, said the agency has a duty to challenge any deals that could end up hurting shoppers.
“Think about the Amazon business model — that’s typically bringing down prices and enhancing innovation, which is a benefit to consumers,” said Leibowitz, now a partner at the law firm Davis Polk. “But the FTC is a very professional agency, and they’re going to pay attention to any substantive concerns raised by outside parties.”
https://www.poynter.org/2016/whats-life-at-the-washington-po...
It is possible that a well run, honest, independent newspaper is still a viable business model, if guided smartly in the online environment; maybe Bezos really just believes that? If so, then robust editorial independence would be part of the business model.
There are other articles critical of Amazon from WP too, eg: https://www.washingtonpost.com/business/economy/birkenstock-...
Maybe you think there should be more, but it's not like other news sources have huge numbers more.
(Also, your argument that Amazon is a monopoly isn't one that is widely made. I can't think of a single category where Amazon doesn't have meaningful competition. Just being successful doesn't make a company a monopoly.)
Whether you'd call the Post philanthropic probably depends on whether you think the small profit that the Post makes is what motivates Bezos. Given both Bezos immense wealth and his views on profit in general, I'd err on the side of calling it philanthropic.
https://www.nytimes.com/2017/06/15/business/media/jeff-bezos...
This is why it completely baffles me as to why the Koch brothers are so hell bent on destroying our democracy. And the only plausible reason seems to be: they're not really well educated, or smart enough, to understand the impact that their short term thinking will have on the American system. Since they inherited most of their wealth, they've never really lived without wealth, I'm guessing they can't relate to people without it.
Carlos Slim's stake affords him basically zero sway in NYT's affairs. Even owning ALL of the public stock still wouldn't accomplish that.
The founding family has a majority (70%) control of the board through the rights of the class B shares they hold, and as such are beholden to no one.
It has been termed "classical liberalism" since the late 19th century to distinguish it from social liberalism, which is what most people think of now whn they refer to "liberal".
Firstly, they're two MIT-educated engineers, and secondly they did not inherit all their wealth. In fact the business was worth in the tens of millions when their father turned control over to them and died a year later. After many decades, the company is now worth multi-billions. That's no small feat.
And finally you must understand that their father (who founded the company) was a simple chemical engineer that came up with a brilliant new refining process. However he was blocked, by litigative competitors, from implementing that process in the U.S. So, their father turned to Soviet Russia at the time to build these new improved refineries for a government that was all to happy to accept them. However, in the process, many of their fathers collaborators were killed off by Stalin in a brutal purge.
Ever since his experience in Soviet Russia, Koch believed that communism was one of the greatest political enemies and socialism was one slippery step from falling into communism. He didn't want to see anymore colleagues die, and so his political views became polarized.
He passed those polarized views onto his children -- not all of them accepted them -- specifically the two Koch brothers leading the firm now.
In their minds they believe they're fighting the good fight. No matter how much you and I may disagree: we can understand how they may have arrived there.
I will certainly remedy that deficiency with more research into this. (BTW comments like this is why I love the HN community so much).
I never really looked into the geopolitical context around the time of his expansion.
I'm relatively sure he didn't do anything to the extent of what IBM and Bayer did for the Third Reich: my understanding is that their father was mostly just a geek trying to build his refineries and the big U.S. companies at the time weren't playing fair.
Now you've got me even more curious though. Going to dig in more.
EDIT: So it looks like only one refinery was designed and built by Koch for Germany in 1934. This is many years before U.S. involvement. And the closest thing to sanctions I can find is the economic war/blockade the UK and France placed on Germany in 1939. Let me know if you find any other sources of information though.
Whether or not that is a net positive good for society is another topic entirely.
The further concentration of 'voice' in our society towards an already hyper-powerful few will only make things worse.
It amazes me how much supposedly egalatarian-minded people are happy to amplify power imbalances if they think it'll be their kind of people holding the whip.
As a potential reason why it may not be included I found that it (Quartz) was being shopped for sale in late 2015-2016[0]. My guess is that they ended up selling Atlantic media instead, or Quartz is still for sale/being sold.
Agreed, interesting they didn't include it.