How China and Jeff Bezos benefit from BLM protests, businesses burned and monuments destroyed
Amazon Profits Illustration by Greg Groesch/The Washington Times more ...
By Richard W. Rahn - - Monday, June 29, 2020
ANALYSIS/OPINION:
Who is funding the Black Lives Matter (BLM) protests and riots and why? As people go through life, most learn that many things are different from what they seem, and that the views and positions people have are rarely consistent with what they think is their self-interest.
In the spring of 1968, I was a student at Columbia University in New York. Over a matter of weeks, there were demonstrations, eventually ending in riots in May 1968. The school was shut down, and almost immediately “spontaneous” classes suddenly appeared on the lawns around the buildings. Some of these “classes” were taught by recognizable Columbia faculty or graduate students, but many were “taught” by outside socialist/communist agitators.
Being an economics major, out of curiosity, I wandered over to a “class” with a sign indicating it was Marxist economics. Long texts were being distributed. They had been professionally printed with color illustrations and graphs, etc. This was years before the days of personal computers, inexpensive color printers and insta-print services. It was obvious that the printed materials had not been prepared the night or even a couple of weeks before. I asked who had prepared them and where they came from. My question was not answered, and I was verbally attacked for even asking it.
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READ MORE: https://www.washingtontimes.com/news/2020/jun/29/how-china-and-jeff-bezos-benefit-from-blm-protests/
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Jeff Bezos owns The Washington Post — which has fanned the flames of the BLM movement — and he also controls and owns the biggest stake in Amazon. When peaceful demonstrations turn into riots, where many small businesses are burned down and destroyed — who benefits? When people no longer have their neighborhood shops — many, out of necessity, go to online retailers — of which Amazon happens to be the largest.
When the politicians used the COVID-19 excuse to shut down small, independent shops (that had weak lobbies and little political clout), but not big-box or online retailers — which company benefited the most? Yes, Amazon. Which American has seen the greatest appreciation in his net wealth over the last six months? Yes, Jeff Bezos, the world’s richest man.
Violence, chaos and conspiracies drive TV news ratings — and, in turn, advertising revenue. For two years, almost every day, CNN, MSNBC and much of the rest of establishment media promoted a phony story of President Trump colluding with the Russians. In fact, we now know that Hillary Clinton’s presidential campaign funded the phony dossier on Donald Trump. Those who sow the seeds of political chaos and economic destruction almost always have an agenda, whose results would be contrary to public good. They rely on the historical ignorance and naivete of the well-meaning, poorly educated and weak-minded.
• Richard W. Rahn is chairman of the Institute for Global Economic Growth and Improbable Success Productions.
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