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Open to Debate

Is Amazon Good for Small Business?

Open to Debate

Open to Debate

News, Education, Society & Culture

4.6 • 2.2K Ratings

🗓️ 23 September 2022

⏱️ 52 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 think that the holidays feel like frozen noses. I love walking with the dog for long periods of time.

0:10.0

Hopefully it's snowing and you've got to wrap up warm. So I think a frozen nose is a sweaty armpit

0:15.0

because your wrapped up so warm but then you're climbing hamps and heath and you get to the top

0:20.0

and you're like, and then you can see the breath but then your nose is still freezing to touch.

0:25.0

Join in every sip with red cups now back at Starbucks.

0:35.0

What began as an online bookseller is now the world's biggest internet based company, Amazon.

0:41.0

It's a doorway to a truly global marketplace. Supporters hail Amazon as a boon for Main Street companies,

0:47.0

allowing the little guy to compete with the big boys. But not so fast,

0:51.0

exorbitant fees and practices that critics label anti-competitive might make Amazon a detriment.

0:57.0

So in the midst of this historic shift in how we buy and sell, we debate this question.

1:03.0

Is Amazon good for small business?

1:07.0

Hi everybody. Well get ready for debate at about an enterprise that is most likely part of your life. Amazon.

1:14.0

Amazon is sort of everywhere. It has definitely changed the way we shop. It has changed what we expect from the retail experience.

1:22.0

It's even changed what we mean by speedy delivery. A whole new retail landscape that came in sort of at one swipe.

1:29.0

But what is happening behind that swipe? Well, that's where it gets interesting, especially when it comes to small business.

1:36.0

Whether Amazon ultimately helps or hurts the little guy trying to make a go of it in business,

1:42.0

that's what we're here to debate. I'm John Don Van and this is Intelligent Squared.

1:48.0

Okay everybody, now you have a duty to perform here in this program.

1:56.0

We want you to act as judges of this debate to tell us which side you feel has argued the best.

2:02.0

We're going to do that by asking you to cast a vote on our motion. Amazon is good for small business.

2:08.0

Before you've even heard the arguments and then we're going to ask you to cast a second vote after you've heard what everybody has to say.

2:15.0

And here at Intelligent Squared, we name as the winner of the debate, the team whose numbers go up the most in percentage point terms between the first and the second vote.

...

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