James uses rich and lowly as opposites. The rich are those who love this world and take advantage of the lowly. The lowly are those who are poor in spirit. They are exalted by the gospel. The rich will be demoted and spiritually impoverished.
The hope of the humble in his exaltation is blessed in steadfastness under trial. He is rewarded the "crown of life."
The reward of the rich is his humiliation because "he fades away in the midst of his pursuits."
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