What passes for reason from some journalists

I can't be the only one who sees a problem with this opening paragraph (Fortune):

When I first heard that Jeff Bezos, founder of Amazon.com, was a Libertarian, I laughed out loud, because I thought it was a joke. Bezos's company, after all, is based on the Internet, which was created during the Cold War by a military research-and-development arm of the federal government, the Advanced Research Project Agency. No ARPANET, no Internet. No Internet, no Amazon, no $25 billion personal fortune for Jeff Bezos.