David M. Brown's Blog

March 14, 2010

Whew! Billionaires recoup in 2010!

Filed under: Politics — davidmbrowndotcom @ 1:47 am

Business Daily Africa passes along the stats collected by Forbes:

The number of billionaires around the world has nearly recovered in 2010 after dropping by a third last year during the global financial crisis.

There are now 1,011 billionaires, compared with 793 last year and 1,125 in 2008.

What’s economically good for productive billionaires is often good for the rest of us too (so long as it doesn’t involve pushing the rest of us around). But any respite from the gyrations of 2007-2009 will likely be fleeting. Far from being rescinded, incontinent government policies have only been expanded in the wake of the housing and banking and auto and etc. slump, and if the GOP is ascendant in 2010 they would have to execute a rather sharp U-turn. I suspect we won’t have to wait eight or nine years for the next economic rock slide. Even billionaires should stock up on bottled water, canned goods and beef jerky. Maybe also wheelbarrows.


1 Comment »

  1. Funny! That last bit about beef jerky, plunging down the scale of measurement from billionaire-industrial goods, is completely unexpected. I learned yesterday that two fundamental elements of style are “choice of content” and “choice of words.” (TRM 94) Are both elements in play here?

    Comment by Tom — March 16, 2010 @ 1:06 am | Reply

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