I would categorically disagree with your statement.
Jeff Bezos
Elon Musk
Bill Gates
Mark Zuckerberg
All billionaires. All have created one (or multiple in Musk's case) products that have greatly benefitted society in numerous ways. The Gates Foundation has donated billions to causes all over the world. Bezos has committed over $3B to various charitable causes.
Also, More than 70% of lottery winners will run through of the money they've won and be right back where they started before winning. Further proving my point the people who win the lottery are not visionaries and have no desire to create products that will change people's lives. They're just happy to have the money.
Jeff (and the board) wonders if deliveries could be more efficient, and wants to find efficiencies to report to the board and the shareholders. However it's fucking dave, 6+ layers below jeff that is firing drivers for missing unreasonably tight delivery schedules because they had to stop to take a leak. So that dave can tell suan who can tell susan who can tell .... and finally jeff that deliveries are now 2.3% faster.
I do think that enough money and therefore a higher degree of control of your own life experiences does warp your perceptions of the world, however. I fail to understand why anyone with a billion fucking dollars in the bank just doesn't retire to a beach stocked with sex workers and cocaine and instead decides to continue torturing people through layers of unthinking bureaucracy though.
And does not even care how or want to know how, just attain the goal at any cost. Of course, when word gets out that people are forced to pee in bottles, he suddenly wants to change things, not because he cares about the conditions that led to it, but because it damages his image.
You have to say "Deliveries should be as efficient as is consistent with basic decency, anyone delivering Amazon packages will have breaks and schedules that are reasonable and achievable", in the same way that he mandated APIs[1]
He doesn’t hold dollars, he mostly holds equity. Also it doesn’t seem like he’s directly involved in the day to day tasks assigned to delivery drivers so it’s weird to assign blame to him for that as well.
One could argue that if drivers were unhappy with the work, they could just quit. Another would argue that that’s a callous way to view the problem as a new job may not be easy to get.
I’d link these 2 issues and say my view is that if Bezos were to sell his stock to give to charity, Amazon’s own stock would plummet which would indirectly force the decision to leave Amazon onto their drivers. A depreciating stock price means their corporate RSU grants look less attractive, which I speculate would make working at Amazon less attractive, leading to worse talent and declining company performance. If a decline was to happen in this way there would probably be more demands on drivers, potentially decreasing demand for the job as the whole, and leaving the drivers who stay behind in worse conditions.
> He doesn’t hold dollars, he mostly holds equity.
A distinction without a difference.
> Also it doesn’t seem like he’s directly involved in the day to day tasks assigned to delivery drivers so it’s weird to assign blame to him for that as well.
It’s weird to assign blame to the CEO for a long-standing practice of his company? You’ve got to be kidding? I don’t want to go full Godwin’s law here but Jesus…
> One could argue that if drivers were unhappy with the work, they could just quit. Another would argue that that’s a callous way to view the problem as a new job may not be easy to get.
Yes, “Another” would. Anyone who has existed in the world could tell you that. “Just get another job” is so incredibly tone deaf. It’s up there with “just sue your employer if they are stealing from you/harassing you/etc”.
> I’d link these 2 issues and say my view is that if Bezos were to sell his stock to give to charity, Amazon’s own stock would plummet
Literally a made up outcome with zero basis in reality. And a rather disgusting defense of his practices “no, no, you don’t understand, he has to be horrible or Amazon will falter and fail and then those people will lose their jobs!”.
Yes, especially since it would be considered a business minutiae in the grand scheme of things.
> Literally a made up outcome with zero basis in reality. And a rather disgusting defense of his practices “no, no, you don’t understand, he has to be horrible or Amazon will falter and fail and then those people will lose their jobs!”.
I'm curious as to what you think would happen? If schedules were loosened and drivers were paid more, what do you think would be the long-term impact? Tell me how the way you would change things would improve the world.
You're right that the money itself does not cause it but what mattered with people like Olsen was that he had a Scandinavian background and was born in the 1920s. 'Saint' is a telling description because people like him came out of a, not necessarily explicit but still functioning culturally Christian environment with virtues that tempered the influence money had on them, he often remarked that humility was most important to him.
Very different person from the current class of individuals who are completely unrestrained by the values people took for granted for a long time.
It's a huge mistake to confuse that kind of deep cultural Christianity with what has been politically ascendant for a long time now in the US. That older, European set of values is still much more alive in say Sweden, which despite an even higher per capita rate of billionaires would not produce Garry Tan or Bezos or Musk.
Directors of small companies are the same, they're just not wealthy enough that they could do any harm.
Firstly, you will have the people who will praise your diamonds and everything and make you lose touch with reality.
But there would also be the more subtler ones whom you actually consider friends. there can be two things that you meet some people before hand and judge them or were already rich before having such friends, but even then the first group might just change knowing that you are now extremely rich and might want subtle favours and so act subtly different.
In a nutshell, I feel like extremely rich people might not know how people actually think of them because we have commoditized everything to money,opportunities and networks and in some sense, they are unable to trust their own real instincts too.
Also we are forgetting the fact that these people would change with so much external influences too and that some people would stop after a certain point so as to they will not reach the scale of billions but rather stop at millions.
All of these factors combined make for the most egotistical machines.
just a few thoughts on extremely rich people, South park creators seem to be one of the exceptions for me and it seems like those guys are just two friends who just like doing what they do and even said a massive fuck you to paramount even on television.
Mixing wealth into this situation increases the blast radius and makes it more public.