How Big Is Amazon.com?
The Rich Get Richer
Richard T. Ritenbaugh
Commentary; #1385c; 10 minutes
Richard Ritenbaugh, asking us how long it will be until we are the United States of Amazon, stated that Jeff Bezos, poised to become the richest man in the world, having gobbled up over twenty-five lucrative dot com corporations, such as The Washington Post (turning it into a vicious propaganda organ for the far left), as well as retail, clothing and food stores, points out that in the current economic environment the rich are getting richer and the poor are getting poorer. The number of billionaires in the world has risen 18% this last year, with the United States claiming 565, China 316, Germany 114, and India 101. Two hundred and twenty-seven women are also on this list. Because of dramatic changes in technology, these new kids on the block have eased out the old titans—Rockefeller, Carnegie, J.P. Morgan and the Vanderbilt's. The volume of money traded back and forth is not an aberration, but simply the way the market works. If government would keep its hands out of the economic system, the free market would have a way of equalizing the excesses. Reflecting on Asaph's question as to why the wicked prosper, we do not need to worry about that, but realize that in the fullness of time, the righteous and the wicked will get their proper reward.
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