Implode-o-Meter News - Amazon's Jeff Bezos To Spend Nearly $100 Million To Address Homelessness

``On Tuesday, the Amazon founder ands CEO outlined his plans to give $97.5 million toÂ two dozen nonprofits around the country that are providing services to the homeless. This is the first round of giving that BezosÂ will conduct as part of hisÂ Day OneÂ Fund,Â announced in September, in which he pledged $2 billion to help homeless families and create Montessori-inspired preschools. (Bezos himself attended a Montessori school.)''

The sentiment is good, but Amazon is doing little to address the root of our lopsided economy that concentrates wealth abnormally. And it's not necessarily Amazon's problem to solve -- they're just exploiting the political-economic setup, as it stands. Ultimately, Amazon is the beneficiary of an overly debt-based, financialized economy, and that's leading to an increasing number of people getting left out in the economic cold.

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Amazon's Jeff Bezos To Spend Nearly $100 Million To Address Homelessness