alt Hacker NewsYour phraseology of “extract” suffers from the same problem as AOC’s. You’re conflating value creation with value extraction.
The problem with AOC’s argument is she’s recycling a 2008 talking point into a context where it doesn’t make sense. Financial entities making trillions moving money around raises questions about whether value is really being created. When I get three Amazon packages delivered to my house every day, there’s no question about value creation.
You’ve entirely misunderstood her point.
Her point isn’t that Amazon is bad because it’s a trillion dollar company
Her point is that Bezos is bad because he and Amazon could have paid that driver 10x what they make and still had more money than they could spend in 100 lifetimes
The distribution of the gains is absurdly weighted towards the top