No Result
View All Result
  • Login
Tuesday, December 16, 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
6 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

How to Finance Used Equipment

Next Post

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

Related Posts

No Manufacturing Jolt from Tariffs

No Manufacturing Jolt from Tariffs

by FeeOnlyNews.com
December 16, 2025
0

Writing on Facebook, AEI economist Mark Perry points to evidence that the tariffs imposed in April by the Trump Administration...

Market Talk – December 15, 2025

Market Talk – December 15, 2025

by FeeOnlyNews.com
December 15, 2025
0

ASIA: The major Asian stock markets had a negative day today: • NIKKEI 225 decreased 668.44 points or -1.31% to...

Trump Loses in Indiana as the MAGA Civil War Rages On

Trump Loses in Indiana as the MAGA Civil War Rages On

by FeeOnlyNews.com
December 15, 2025
0

The MAGA civil war intensified as POTUS Trump lost his battle to bully Indiana Republicans into redrawing their congressional districts....

Obamacare Enhanced Subsidies/Health “Care” Fixes, Expressed as Pentagon Units

Obamacare Enhanced Subsidies/Health “Care” Fixes, Expressed as Pentagon Units

by FeeOnlyNews.com
December 15, 2025
0

In the spirit of the Friedman Unit1 as a metric for Iraq war progress (or in his case, what wound...

Trump Goes Hoover | Mises Institute

Trump Goes Hoover | Mises Institute

by FeeOnlyNews.com
December 15, 2025
0

Donald Trump told Politico’s Dasha Burns that he gives the US economy an A+++++. He posted on Truth Social, “When...

Links 12/15/2025 | naked capitalism

Links 12/15/2025 | naked capitalism

by FeeOnlyNews.com
December 15, 2025
0

Experiment to train rats to play Doom reaches a new level; rats can now shoot enemies — wraparound AMOLED screen...

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
Newsom, DeSantis join forces to blast ‘idiotic’ push to allow oil drilling off coasts of California, Florida

Newsom, DeSantis join forces to blast ‘idiotic’ push to allow oil drilling off coasts of California, Florida

November 23, 2025
Israeli housing rental platform Venn raises m

Israeli housing rental platform Venn raises $52m

November 18, 2025
What is a credit card spending limit — and what to know

What is a credit card spending limit — and what to know

August 4, 2025
Links 12/10/2025 | naked capitalism

Links 12/10/2025 | naked capitalism

December 10, 2025
5 Senior Discounts Being Eliminated by National Retailers

5 Senior Discounts Being Eliminated by National Retailers

December 7, 2025
AT&T promised the government it won’t pursue DEI

AT&T promised the government it won’t pursue DEI

December 4, 2025
Is Solana Dying? DEX Trading Volume Drops 95% as SOL Price Continues to Fall

Is Solana Dying? DEX Trading Volume Drops 95% as SOL Price Continues to Fall

0
The Return of “Easy” Real Estate Deals? 2026 Could Get Even Better

The Return of “Easy” Real Estate Deals? 2026 Could Get Even Better

0
100+ Side Hustle Ideas to Make Money On The Side in 2026

100+ Side Hustle Ideas to Make Money On The Side in 2026

0
No Manufacturing Jolt from Tariffs

No Manufacturing Jolt from Tariffs

0
Dogecoin Price Squeeze Maps Out Two Possible Scenarios From Here

Dogecoin Price Squeeze Maps Out Two Possible Scenarios From Here

0
Nifty’s long-term uptrend intact, but short-term trend turns cautious below 25,900: Vinay Rajani

Nifty’s long-term uptrend intact, but short-term trend turns cautious below 25,900: Vinay Rajani

0
Is Solana Dying? DEX Trading Volume Drops 95% as SOL Price Continues to Fall

Is Solana Dying? DEX Trading Volume Drops 95% as SOL Price Continues to Fall

December 16, 2025
100+ Side Hustle Ideas to Make Money On The Side in 2026

100+ Side Hustle Ideas to Make Money On The Side in 2026

December 16, 2025
Dogecoin Price Squeeze Maps Out Two Possible Scenarios From Here

Dogecoin Price Squeeze Maps Out Two Possible Scenarios From Here

December 16, 2025
The Return of “Easy” Real Estate Deals? 2026 Could Get Even Better

The Return of “Easy” Real Estate Deals? 2026 Could Get Even Better

December 16, 2025
America’s  trillion national debt will exacerbate generational imbalance, says think tank

America’s $38 trillion national debt will exacerbate generational imbalance, says think tank

December 16, 2025
No Manufacturing Jolt from Tariffs

No Manufacturing Jolt from Tariffs

December 16, 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

  • Is Solana Dying? DEX Trading Volume Drops 95% as SOL Price Continues to Fall
  • 100+ Side Hustle Ideas to Make Money On The Side in 2026
  • Dogecoin Price Squeeze Maps Out Two Possible Scenarios From Here
  • 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.