Earlier quoted context omitted.
For anyone curious about the math: The Amazon CEO pay was $212 million in 2021. There are 700k warehouse workers. If the CEO put 99% of their pay to the warehouse workers, each would get an about $300/year, or $25/month more.
Jeff Bezos founded Amazon 30 years ago and is now worth more than $200 billion. So he has personally gained about $7 billion per year on average, heavily loaded toward more recent years. If you expand consideration from just him to all of Amazon's major shareholders, top management, board members, etc., and then compare to the warehouse workers, "contractor" delivery drivers, etc., it's plain to see that a large grou…
Computing someone's net worth by multiplying the number of shares he holds by the last-traded price of that share yields a theoretical number that's only good for placing people on Forbes rich lists and as fodder for demagogues. It is not possible for him to actually convert all of his shares to $200B.
> gained about $7 billion per year on average, heavily loaded toward more recent years
If anyone could be blamed for this, blame the Fed for endless ZIRP, QE, and other asset-inflationary policies that made it so that capital had to pour into companies like AMZN.
> a large group who does most of the work ends up begging for scraps while a small owner elite collects the lion's share of the rewards
A large group of people who are compensated for the work they do and are free to choose to work for a different employer.
> is not fundamentally all that different from a feudal peasant society divided between peasants and nobles
Is it valid to compare someone who started a company in and then benefited from a system of (mostly) voluntary exchange of goods and services to feudal lords who extracted rents from their peasants under the threat of violence?