With all the attention being paid to politics and COVID-19 right now, you may have missed that recent headline: “Elon Musk Passes Jeff Bezos To Become Richest Person In The World.”
Or maybe you’ve seen it and thought, who cares?
Well you should.
(Before you read on, a triggering warning: This column is about the spread of wealth. The numbers you’re about to read will shock you.)
It’s not so much that Musk is now worth some $ 200 billion, according to the Bloomberg Billionaires Index, compared to Bezos’ $ 182 billion (of course, Bezos could easily regain the crown at any time.) no mad rush either – in Tesla’s stock recently, (though that’s insane – about 800% in the last year.)
No, the most important point is just how much money and power Musk and Bezos and other tech billionaires have right now. And this power is directly linked to one of the greatest puzzles of our time, namely the giants of unprecedented command and control technology – Amazon (AMZN), Google (GOOG, GOOGL),…
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