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Open to Debate

#197 - Is Amazon Good for Small Business?

Open to Debate

Open to Debate

Education, News, Society & Culture

4.6 • 2.2K Ratings

🗓️ 10 December 2021

⏱️ 51 minutes

🧾️ Download transcript

Summary

Amazon has come a long way since online book sales. In fact, when it comes to revenue, Jeff Bezos’ creation is the world’s biggest internet-based company. But what makes the "everything store" so ubiquitous? In large part, it’s the small and medium-sized businesses that use the platform to sell their goods. This year, more than 1.9 million of these businesses participated in its marketplace, which accounted for some 60 percent of Amazon's retail sales. But was it ultimately good for them? In the midst of this historic transition in shopping, that's our debate: Is Amazon good for small business?  Debating in favor of the motion is Mark Jamison, economist at the American Enterprise Institute, with Kunal Chopra, tech executive and former Amazon GM. Arguing against the motion is Rana Foroohar, global business columnist at the Financial Times and author of “Don’t Be Evil”, with co-director of the Institute for Local Self-Reliance, Stacy Mitchell. Emmy award-winning journalist John Donvan moderates.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

I've entered the Rick and Morty multiverse so many times at all for

0:04.4

that I don't know whether I'm Rick, Morty.

0:07.3

Oh, myself.

0:08.5

Am I Rick?

0:09.6

Am I Morty?

0:10.7

Am I me?

0:11.9

Am I Rick?

0:12.9

Am I Morty?

0:14.0

Am I me?

0:15.2

I don't know.

0:16.4

Watch now on all four.

0:18.0

The UK's biggest free-streaming service.

0:20.4

Watch and rewatch!

0:21.5

Watch and rewatch!

0:22.2

Watch and rewatch!

0:22.8

Go for me.

0:23.6

Comparachel4.com slash verify.

0:31.5

What began as an online bookseller is now the world's biggest internet-based

0:35.5

company, Amazon.

0:37.2

It's a doorway to a truly global marketplace.

0:40.5

Supporters hail Amazon as a boon for Main Street companies,

0:43.8

allowing the little guy to compete with the big boys.

...

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