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Trigger Warning: Jeff Bezos may become richest man in world
Posted on 4/9/17 at 1:01 pm
Posted on 4/9/17 at 1:01 pm
LINK
Last week, founder and CEO of Amazon.com Jeff Bezos surpassed Warren Buffet to become the second richest man in the world. His net worth is now estimated to be $75.6 billion dollars. If Amazon continues its upward trend, it won't be long before Bezos surpasses the software giant as the wealthiest man on the planet.
Amazon offers us another lesson in economics, as well. No other major company better demonstrates the brilliance of extending trade. Prior to this revolution, even while products may have been shipped across state lines or imported into the country, consumers were still at the mercy of whatever local retailers were available. Amazon, along with the thousands of other internet stores that followed, effectively extended the reach of the consumer to access more products and better prices where distance would have previously been an impassable roadblock.
Amazon has effectively raised the standards of living for every human being in any country where it has a presence. Even people who do not shop online are able to benefit from the increased competition and pressure to lower prices. Jeff Bezos is now rivaling Bill Gates for the richest man in the world title, but only after decades of making everybody else a little bit richer first.
Last week, founder and CEO of Amazon.com Jeff Bezos surpassed Warren Buffet to become the second richest man in the world. His net worth is now estimated to be $75.6 billion dollars. If Amazon continues its upward trend, it won't be long before Bezos surpasses the software giant as the wealthiest man on the planet.
Amazon offers us another lesson in economics, as well. No other major company better demonstrates the brilliance of extending trade. Prior to this revolution, even while products may have been shipped across state lines or imported into the country, consumers were still at the mercy of whatever local retailers were available. Amazon, along with the thousands of other internet stores that followed, effectively extended the reach of the consumer to access more products and better prices where distance would have previously been an impassable roadblock.
Amazon has effectively raised the standards of living for every human being in any country where it has a presence. Even people who do not shop online are able to benefit from the increased competition and pressure to lower prices. Jeff Bezos is now rivaling Bill Gates for the richest man in the world title, but only after decades of making everybody else a little bit richer first.
Posted on 4/9/17 at 1:05 pm to anc
How is this triggering? Guy standardized a completely new way of shopping, revolutionized the consumer experience, saves the average American money on everything they purchase, and has run a tight ship with his business. They have excellent customer service AND great prices. No one else can do that. He deserves the money he makes
Posted on 4/9/17 at 1:05 pm to Upperdecker
Not sure how this is triggering.
Posted on 4/9/17 at 1:08 pm to MasterofTigerBait
quote:
Who is being triggered?
People who don't understand economics and believe rich = bad. Not this crowd, just a thought in my head when I read this. Sorry.
Posted on 4/9/17 at 1:09 pm to MasterofTigerBait
quote:
Who is being triggered?
quote:
Jeff Bezos is now rivaling Bill Gates for the richest man in the world title, but only after decades of making everybody else a little bit richer first.
They said trickle down economics is a myth.
Posted on 4/9/17 at 1:10 pm to Scruffy
Apparently Bezos has opposed Trump's immigration plans? And Amazon is on the pro-Trump boycott list. But Amazon also appears on the anti-Trump boycott list . I don't care, the guy has earned every penny he's made, because his business has benefitted me greatly as well as everyone else
Posted on 4/9/17 at 1:28 pm to anc
I remember when Amazon was fisrt founded a lot people said it would never make it. Amazon started off with books then expanded to now having just about anything you want.
Posted on 4/9/17 at 1:29 pm to Kino74
quote:
I remember when Amazon was fisrt founded a lot people said it would never make it. Amazon started off with books then expanded to now having just about anything you want.
Geek alert: The Amazon logo smile is an arrow that goes from A to Z - anything you want.
Posted on 4/9/17 at 1:33 pm to anc
He's a lefty but not nearly the a-hole Warren Buffett is so meh.
I choose not to compete with them. haha
I choose not to compete with them. haha
Posted on 4/9/17 at 1:36 pm to anc
Amazon web services (AWS) is the top dog in cloud computing services too.
They are only getting stronger.
Anyone looking to get into, or advance, their IT career should look into AWS DevOps. Powerful technology
They are only getting stronger.
Anyone looking to get into, or advance, their IT career should look into AWS DevOps. Powerful technology
This post was edited on 4/9/17 at 1:37 pm
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