There was a story on ITV in the UK and they were talking about how much supposed waste

that Amazon produces, that Amazon was destroying a whole bunch of products regularly routinely.

And I thought why are these people inserting their opinion into a business that they know

absolutely nothing about?

What would they prefer?

Would they prefer Amazon to have the impossible, namely perfect knowledge of precisely how

many products need to be made, in other words an epistemologically impossible situation

to be in, or would they prefer that Amazon made insufficient products so that the people

who wanted to purchase them weren't actually able to get hold of them.

What Amazon of course does is make slightly more than what they need.

That's what happens in any business.

They make slightly more than what they need now and again.

I once had a venture capitalist argue to me that there were too many kinds of shoes and

it was an example of how capitalism had failed because nobody needs as many kinds of

sneakers and clearly overshadowed society.

My question to him was when did you know that there were too many shoes?

What's the point in history where we decide there's too many shoes where before that we

need more shoes because we need more stretchy shoes, we need more durable shoes, we need thicker

sole shoes, we need lighter shoes, we need all kinds of amazing shoe innovation.

And that at some point somebody decides now we have enough shoes, now we need to kill all

the other shoe lends.

Where did you come up with this idea that you just happened to be born in the right time

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