No Result
View All Result
  • Login
Friday, October 31, 2025
FeeOnlyNews.com
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading
No Result
View All Result
FeeOnlyNews.com
No Result
View All Result
Home Economy

The Marriage of Jeff Bezos in Venice

by FeeOnlyNews.com
4 months ago
in Economy
Reading Time: 4 mins read
A A
0
The Marriage of Jeff Bezos in Venice
Share on FacebookShare on TwitterShare on LInkedIn


The vocal opposition of some locals to Jeff Bezos’s marriage in Venice, in line with the reaction against tourism, illustrates a few important points in economics and political philosophy. The Financial Times reports (“Jeff Bezos’s Wedding Draws Storm of Protest in Venice,” June 24, 2025):

“What is happening here is blatant arrogance,” said Marta Sottoriva, 34, a high school English teacher and activist. “He is exploiting the city in the same way that he has been exploiting workers worldwide to build his empire.” …

“Bezos’ wedding is a symbol of extreme wealth, privilege and a lot of things that are going wrong currently in the world” and taking place in “one of the world most climate vulnerable cities”, said Clara Thomson, a Greenpeace campaigner. …

“Venetians feel betrayed, neglected and forgotten,” said Tommaso Bortoluzzi, a municipal councillor with the opposition Democrat Party. “Many citizens feel they have lost the ability to live in their own city in a calm, serene, and traditional way, while Venice has become an open air museum.”

A sensible classical-liberal philosophy suggests many objections. It is not because you are living somewhere that you thereby acquire a right to forbid somebody within a X-mile radius to do something that you don’t like. A property right gives you the right to use your own property as you wish, not the property of others. Otherwise, the concept of property right would be useless to prevent conflict over resources and lifestyles: you would intervene in your neighbor’s life when he does something that you don’t like, even on his own or rented property; your neighbor would do the same against you.

Claiming a right to control a geographical place that is not yours is analogous to the claim that one has a right to one’s customers against competing suppliers. For example, domestic workers would have a right to the patronage of their domestic customers and could thus to forbid them, through tariffs or bans, to purchase from foreign (or non-local) suppliers. This sort of theory is either incoherent or authoritarian. Having a right to one’s customers implies that the latter do not have a right to choose their suppliers, just like having a right to one’s own Venice implies that other Venetians don’t have a right to their own Venice. Enforcing one’s right then implies controlling what other Venetians can import or export. (Remember that tourism is an export.)

On the contrary, a coherent and non-authoritarian conception of free exchange—the right to buy from, or sell to, whomever is capable and willing to sell to you or buy from you—underlies the right of Bezos to marry in Venice on some property rented from owners who are willing to welcome his party; the same for his right to buy pastries from a local (or foreign, for that matter) baker who is willing to sell them. In a free society, neither buying nor selling is forbidden (with some very limited exceptions such as buying stolen goods or the services of a killer-for-hire).

The claim of an expansive property right enforced (the “forced” says it all) by political authorities illustrates Anthony de Jasay’s argument on the adversary or discriminatory state. The state (or a related political authority) arbitrarily favors some citizens and harms others—the expansive right claimers against the local hospitality industry and other businesses. They want political authorities to discriminate against the local businesses that are happy to cater to this sort of event.

The locals who want to chase tourists away also raise a question about the mob’s power in anarchy. In a 2016 EconLog column, Anthony de Jasay seems to show some sympathy for the idea that a country—and why not a sub-country like Venice?—is an extension of the home of its inhabitants. It is perhaps only a short leap from this idea to the claim that a Venetian mob could chase tourists out of town. The impossibility or, at least the difficulty, of enforcing formal rights (“liberties” as de Jasay would say, as he clearly distinguished rights and liberties) in anarchy remains an unsolved problem. Mind you, it is not a solved problem under the state either.

In the case of the Bezos marriage as for tourism in general, it is interesting to note that “special interests”— commercial interests—were on the side of free exchange while a sort of mob expressed its opposition. Also on the side of Bezos was Venice’s long-time conservative mayor. Perhaps one can argue that, over the course of history, non-crony commercial interests have sided with liberty (on this, see William Salter and Andrew Young, The Medieval Constitution of Liberty; and, more generally, John Hicks’s A Theory of Economic History). I suppose that, in Venice, most residents were also happy with, or indifferent to, the Bezos party. At least, that would be true in a free society, where, in general, each individual (and private group) would mind his own business and engage in voluntary exchange that he deems to be in his interest as he defines it. This does not preclude the desirability or even the necessity of an ethical concern for the maintenance of a free society (see James Buchanan’s Why I, Too, Am Not a Conservative).

******************************

Bezos and Sanchez in Venice, Picasso-style painting by ChatGPT

Bezos and Sanchez in Venice, drawing à la Picasso by ChatGPT

Bezos and Sanchez in Venice, Picasso-style drawing by ChatGPT

 

 



Source link

Tags: BezosJeffmarriageVenice
ShareTweetShare
Previous Post

Tesla shares jump 4% as investors discount EV maker’s lower than estimated Q2 deliveries

Next Post

Israelis staying 75-days annually could be liable for tax as residents

Related Posts

Links 10/31/2025 | naked capitalism

Links 10/31/2025 | naked capitalism

by FeeOnlyNews.com
October 31, 2025
0

How SOS Became the Universal Distress Signal Laughing Squid Dictionary.com’s word of the year is ‘6-7.’ But is it even...

Seoul And Washington Pen 0 Billion Deal

Seoul And Washington Pen $950 Billion Deal

by FeeOnlyNews.com
October 31, 2025
0

Washington and Seoul brokered a historic $950 billion deal, bringing the two nations closer in both trade and military alliance....

Market Talk – October 30, 2025

Market Talk – October 30, 2025

by FeeOnlyNews.com
October 30, 2025
0

ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 17.96 points or 0.04% to...

Trump cuts fentanyl tariffs on China to 10% as Beijing delays rare earth curbs

Trump cuts fentanyl tariffs on China to 10% as Beijing delays rare earth curbs

by FeeOnlyNews.com
October 30, 2025
0

BUSAN, SOUTH KOREA - OCTOBER 30: U.S. President Donald Trump (R) speaks with Chinese President Xi Jinping during a bilateral...

Sudan War: Gold, a Key Port, and Two Armies With No Legitimate Claim

Sudan War: Gold, a Key Port, and Two Armies With No Legitimate Claim

by FeeOnlyNews.com
October 30, 2025
0

The Rapid Support Forces (RSF), one of Sudan’s warring parties, have taken over El Fasher, a city in Darfur, western...

ECB October 2025 rate decision

ECB October 2025 rate decision

by FeeOnlyNews.com
October 30, 2025
0

The European Central Bank has kept interest rates on hold, as expected, at its latest meeting on Thursday.The central bank...

Next Post
Israelis staying 75-days annually could be liable for tax as residents

Israelis staying 75-days annually could be liable for tax as residents

Waffle House takes its egg surcharge off the menu

Waffle House takes its egg surcharge off the menu

  • Trending
  • Comments
  • Latest
AB Infrabuild, among 5 cos to approach record date for stock splits. Last day to buy for eligibility

AB Infrabuild, among 5 cos to approach record date for stock splits. Last day to buy for eligibility

October 15, 2025
Housing Market Loses Steam, “National Buyer’s Market” Likely in 2026

Housing Market Loses Steam, “National Buyer’s Market” Likely in 2026

October 14, 2025
Are You Losing Out Because of Medicare Open Enrollment Mistakes?

Are You Losing Out Because of Medicare Open Enrollment Mistakes?

October 13, 2025
Coinbase boosts investment in India’s CoinDCX, valuing exchange at .45B

Coinbase boosts investment in India’s CoinDCX, valuing exchange at $2.45B

October 15, 2025
Government shutdown could drain financial advisor optimism

Government shutdown could drain financial advisor optimism

October 7, 2025
Getting Started: How to Register

Getting Started: How to Register

October 10, 2025
Key takeaways from Altria’s (MO) Q3 2025 earnings report

Key takeaways from Altria’s (MO) Q3 2025 earnings report

0
An IBM exec’s playbook for rewiring big companies for speed, innovation

An IBM exec’s playbook for rewiring big companies for speed, innovation

0
These 7 Major Companies Are Laying Off Workers by the Thousands. Should You Worry About the Economy?

These 7 Major Companies Are Laying Off Workers by the Thousands. Should You Worry About the Economy?

0
Clal Insurance invests 0m in Kesem power station

Clal Insurance invests $200m in Kesem power station

0
Links 10/31/2025 | naked capitalism

Links 10/31/2025 | naked capitalism

0
Are Bitcoin miners becoming AI utilities? The math says yes

Are Bitcoin miners becoming AI utilities? The math says yes

0
An IBM exec’s playbook for rewiring big companies for speed, innovation

An IBM exec’s playbook for rewiring big companies for speed, innovation

October 31, 2025
These 7 Major Companies Are Laying Off Workers by the Thousands. Should You Worry About the Economy?

These 7 Major Companies Are Laying Off Workers by the Thousands. Should You Worry About the Economy?

October 31, 2025
*HOT* 12 Chatbooks for just  shipped {Ends Tonight!}

*HOT* 12 Chatbooks for just $12 shipped {Ends Tonight!}

October 31, 2025
Are Bitcoin miners becoming AI utilities? The math says yes

Are Bitcoin miners becoming AI utilities? The math says yes

October 31, 2025
How Much Vacation Time Are American Workers Actually Taking?

How Much Vacation Time Are American Workers Actually Taking?

October 31, 2025
5 Undervalued Stocks Under  Poised for Double-Digit Rebounds

5 Undervalued Stocks Under $10 Poised for Double-Digit Rebounds

October 31, 2025
FeeOnlyNews.com

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Financial Planning
  • Investing
  • Market Analysis
  • Markets
  • Money
  • Personal Finance
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • An IBM exec’s playbook for rewiring big companies for speed, innovation
  • These 7 Major Companies Are Laying Off Workers by the Thousands. Should You Worry About the Economy?
  • *HOT* 12 Chatbooks for just $12 shipped {Ends Tonight!}
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclaimers
  • About Us
  • Contact Us

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business
  • Financial Planning
  • Personal Finance
  • Investing
  • Money
  • Economy
  • Markets
  • Stocks
  • Trading

Copyright © 2022-2024 All Rights Reserved
See articles for original source and related links to external sites.