The founder of Amazon has embraced key elements of the growth agenda. Speaking at the DealBook Summit, the owner of the Washington Post gave his personal editorial commentary on Donald Trump’s return to power.
Bezos said of Trump: “I’m very hopeful – he seems to have a lot of energy around reducing regulation. And my point of view is, if I can help him do that, I’m going to help him, because we do have too much regulation in this country.”
He then sounded like a born-again supply-sider when he discussed fiscal issues:
“If you look at the national debt and how gigantic it is as a portion of GDP, these are real long-term problems, and the way we 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, you know, 3, 4, or 5 percent a year.”
“If you can do that, this is a very manageable problem. So we need a growth orientation in this country. The most important thing is 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…”
We couldn’t have said it better ourselves. Actually, we have said all this.