Jeff Bezos sat down with Andrew Ross Sorkin from CNBC this week to discuss the incoming Trump administration at The New York Times DealBook Summit.
Bezos said he was optimistic with Trump’s economic plans including his commitment to reduce regulations.
Even Bezos is excited about a second Trump administration.
Jeff Bezos: But if we’re talking about Trump, I think it’s very interesting. I’m actually very optimistic this time around that we’re going to see… I’m very hopeful about this, his… He seems to have a lot of energy around reducing regulation. And my point of view, if I can help him do that, I’m going to help him, because we do have too much regulation in this country.
This country is so set up to grow. By the way, all of our problems, all of our economic problems, if you look at the deficit, the debt, the national debt, and how gigantic it is as a portion of GDP, these are real problems, and they’re real long-term problems. And the way you get out of them is by outgrowing them. You’re going to solve the problem of the national debt by making it a smaller percentage of GDP, not by shrinking the national debt, but by growing the GDP. You have to grow the denominator. And that means you have to grow GDP at 3, 4, or 5% a year and let the national debt grow slower than that. If you can do that, this is a very manageable problem. So we need a growth orientation in this country.
This is the most important thing, a growth mindset. And we are the luckiest country in the world. We have all these natural resources, including energy independence. We have the best risk capital system in the world, by far. So people get confused about why does the United States have so much venture success, so much entrepreneurial success? Why are the big tech companies here and not somewhere else? What’s really going on with all this dynamism in this country compared to what we see elsewhere in the world? And there are a bunch of reasons for that. But the biggest one, eight of 10 points there, is that we have have better risk capital.
It’s not the banking system. We have a good banking system, but so does Europe. What’s different here is that you can raise $50 million of seed capital to do something that only has a 10% chance of working. That’s crazy. But the people who are giving you that seed capital know that their expected value is still positive in many cases. Or they’re at least gambling that that’s true. That risk capital system that we have in this country is turning out to be very hard for other countries to duplicate.
So we have that. We speak English, and English is turning into the lingua franca of the whole world. It’s a… There’s so many advantages here, but we are burdened by excessive permitting and regulation. You can’t build a bridge. All these things, you know what they are. We see these examples all the time. We need to be able to build solar fields and everything else.
But you’re optimistic about this president. The reason I ask is because-
Jeff Bezos: I’m very optimistic that President Trump is serious about this regulatory agenda, and I think he has a good chance of succeeding. What about the idea that he thinks that the press is the enemy?
Well, I’m going to try to talk him out of that idea. I don’t think the press is the enemy. And I don’t think… The press is not the enemy. I hope you’re right. I hope I’m right, too. Let’s go persuade him of this. No, let’s do it. But you and I should go.
Andrew Sorkin: Let’s go talk to him.
Via Citizen Free Press.
JEFF BEZOS ADMITS HE’S VERY EXCITED ABOUT TRUMP WINNING.pic.twitter.com/XstnWTsVAH
— Citizen Free Press (@CitizenFreePres) December 5, 2024
The post Jeff Bezos on Trump’s Incoming Administration: “I’m Very Optimistic This Time Around – I’m Very Hopeful, He Seems to Have a Lot of Energy Around Reducing Regulations” appeared first on The Gateway Pundit.
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