Jeff Bezos says he understands why socialism is gaining traction in America. The affordability crisis is real, especially when it comes to housing. But the Amazon and Blue Origin founder argues that some politicians are blaming the wrong culprit.
In an interview with Fox News’ Bret Baier that aired Wednesday on Special Report, Bezos said government intervention has often been counterproductive in housing, while some politicians point fingers at “greedy landlords” instead of addressing what he called a basic supply-and-demand problem. “It’s econ 101,” he said. In the same interview, Bezos predicted AI could usher in a three-day workweek, as Fortune reported. He has also argued that raising taxes on billionaires won’t fix affordability.
