Learn this from Bezos and the Washington Post: with hypercapitalists in charge, your news is not safe

His shameful stewardship of a once great title highlights how much we lose when private interest eclipses the public good

Not long after being made Time magazine’s Person of the Year in 1999, Jeff Bezos told me: “They were not choosing me as much as they were choosing the internet, and me as a symbol.” A quarter of an increasingly dark century later, the Amazon founder is now a symbol of something else: how the ultra-rich can kill the news.

Job cuts in an industry that has struggled financially since the internet came into existence and killed its business model is hardly new, but last week’s brutal cull of hundreds of journalists at the Bezos-owned Washington Post marks a new low. The redundancies that were announced to staff on a video call, the axing of half its foreign bureau (including the war reporter in Ukraine) – not since P&O Ferries have layoffs been handled so badly. Former Post stalwart Paul Farhi described a decision that affected nearly half of the 790-strong workforce as “the biggest one-day wipeout of journalists in a generation”.