Will the Government Put the Reins on Amazon?
The New Yorker Radio Hour
WNYC Studios and The New Yorker
4.2 • 6.2K Ratings
🗓️ 10 November 2023
⏱️ 22 minutes
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| 0:00.0 | This is The New Yorker Radio Hour, a co-production of WNYC Studios and The New Yorker. |
| 0:10.1 | Welcome to The New Yorker Radio Hour. I'm David Remnick. |
| 0:14.3 | At some point, in the past 30-odd years, you may have contemplated saying no to Amazon. Maybe you were worried about the |
| 0:24.4 | brick-and-mortar stores you grew up with, or maybe you were upset about labor practices in the |
| 0:29.2 | warehouses or tactics described as union-busting. Or maybe it was just the spectacle of the |
| 0:35.5 | second richest person in the entire world wearing a cowboy |
| 0:39.4 | hat to space. Whatever the case, after having these thoughts, you probably went and clicked |
| 0:44.9 | add to cart anyway. It's Amazon. It's convenient. The prices are low. The selection is wide. |
| 0:51.4 | The shipping is so fast sometimes it's uncanny. |
| 0:55.5 | But what if that's wrong? |
| 0:56.7 | What if Amazon only seems like the best and singular option |
| 1:00.2 | because it's squeezed out all the other options? |
| 1:03.8 | The FTC's lawsuit alleges that Amazon is now a monopoly, |
| 1:08.4 | and it's effectively functioning as a gatekeeper, |
| 1:11.7 | as a key distribution channel that's connecting millions of consumers |
| 1:16.1 | and thousands of merchants that are dependent on Amazon to reach them. |
| 1:20.0 | That's Lena Khan, the chair of the Federal Trade Commission, |
| 1:23.4 | which has just filed a lawsuit against Amazon. |
| 1:27.0 | Khan is 34, but before she'd even finished law school, |
| 1:30.1 | she wrote an influential paper about how to use antitrust law against the company. |
| 1:36.1 | But what does it mean for us, for consumers, |
| 1:39.3 | if Amazon really is a monopoly? |
... |
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