tv Documentary RT August 29, 2021 12:30pm-1:01pm EDT
as to morrow on monday we'll be looking at cases in the u. s. that of california and also in the u. k. that brings you right up to date. appreciate company here in r t more for you in half an hour. oh the i use join me every thursday on the alex silent shore and i'll be speaking to guests in the world, the politics, sport, business and show business. i'll see you then in
i i i i thought with this guy, he's drunk. you know, come out here and back underneath, right. just to put a space ship deal out here. i got to be drank in some kind of bad whiskey or i guess he's got enough money to do it. whatever he wants to do is get the money to play the game ah, from 10 miles outside
a town highway. 62 war lady has 45 miles and nails and all that on both sides. they don't anything out there. it's just the interest. but she have to have the key to get in to manage 19876, just like every jordan or a guy and to talk to him. and then you realize this guy's go, wanna play and he knows what he's doing or why
the number one is amazon founder and ceo jeff beta. he is a 1st century billionaire. the people that hold them as the family. so media, me, i'm using my resources to put in place heavy lifting and infrastructure so that the next generation of people can have a dynamic entrepreneurial explosion into space in is you are still large enough to satisfy the ambitions of jeff bezos.
how exactly is amazon taking over the whole planet? what does jeff phases want that he doesn't already have? what future does the multinational wish to impose on us and at what cost for the. our story begins in 1994 in the seattle suburb jeff bezos, the 30 something wall street expatriate creates amazon and its garage. jeff basis. and what are your,
what is your claim to fame and the founder of amazon dot com. where did you get an idea for amazon dot com? well, 3 years ago i was in new york city working for quantitative hedge fund. when i came across the startling statistic, the web usage was great and 2300 percent a year. so i decided i would try and find the business plan that made sense in the context that grew up in the beginning, they were only 3. 1 of the things that was really happening in seattle of that time was grunge so, so you had nevada and pearl jam and all that kind of music. so they were plaid shirts on on everyone. paul davis is one of the programmers who developed amazon's very 1st website and amazon itself was out in a suburb that really was very far from the city and clubs and any kind of of
seen that that might be happening. there were basically 2 programmers working hard riding code. and jeff, working hard on, on the sort of business he side of the new company. there wasn't this kind of really fuel energy, you know, like, oh my god, you know, what's going to be a goal today? what are we going to take off today? oh my god, if that isn't done, isn't done today. things fall apart. it was more just a case of methodically working as quickly as, as we could buy books arrived. somebody was gonna have to pack them up and ship them out. and so, so, and so that will be jeff. this is like the super early days when it was really just still the 3 of us plus his wife working part time. sometimes it will be white, mackenzie, sometimes it would even be shallow, right? if there weren't that many and we weren't super tied off in something. this is at a time where, you know, we, typically, we were handling, you know, maybe less than 20 books per day or something. mm
. 25 years later, amazon no longer sends 20 parcels, but 14000000 a day. the company owns over 250 warehouses and delivered on 5 continents. i guess amazon success caught stacy mitchell's attention. she heads the institute for local self reliance research center, studying the evolution of the american economy. for the past 10 years, she's been closely monitoring the growth of the beast. amazon is like, it's like this invisible force. you know, it's got,
it's tend to falls in so many aspects of the economy. there's nothing that amazon isn't trying to get into there. now the biggest clothing retailer in the us and they produce a lot of clothing. bookstores, toys, stores, hardware stores, kind of grown invisibly. it doesn't get noticed are covered by the media in the same way because it's not physically present except in just a few places. amazon is growing so rapidly, they are creating a lot of jobs, but as they grow, they're destroying a lot of jobs. and we found that for everyone, new amazon job that had been created, there were 2 jobs that were lost at existing businesses. we've lost about 85000 independent small businesses in the last 10 years. we've lost about $35000.00 small and mid sized manufacturers. amazon isn't the only cause, but it's the top cause of those losses.
ah, stacy mitchell investigates amazon strategy of conquest. there's a kind of a balancing act that they seem to walk between slowly taking over everything rapidly, taking over everything and yet not being so visible that people become alarmed in some ways we, you know, the train has left the station and as a society of, we're going to try to figure out how to bring that back. it's much harder to do now that it would have been 10 years ago. we had noticed what was really happening in, in the united states, amazon now controls half of all online commerce the company leads online sales in clothing, electronics books, d v d 's personal care and the products ah,
it also offers the video on demand, online music streaming video games, data storage insurance, as well as drugs. amazon also embodies a certain vision of america progressive and liberal. its acquisition of whole foods leader of high end organic produce is a good example. jeff bezos is a complex character. he's a c, e o, as well as an investor, but in 2013, he personally acquired the washington post. one of the most prestigious newspapers in the u. s. ah. step by step. the amazon empire extends its grip on the world. here really hit amazon and this point represents the transformation of the american economy. i mean, you know, the old saying when i 1st came the street and kind of back in the day was what's
good for g. m is good for the country today. that's largely amazon as largest market cap company. it's, it's greatly intertwined with the entire american global economy. amazon essentially controls the marketplace. it's not really a market, it's a private arena. amazon sets the rules. it gives the side which companies get the best spots which companies rank in the search rankings. who can even be there, what they're allowed to sell, how they can communicate with their customers, what they have to pay in order to be part of it. the old saying is if it walks like a duck in quiet like a duck, it's a duck. so amazon looks like monopoly trades like a monopoly makes money like a monopoly. behaves like monopoly. so when i looked at it, you have to use monopolies in the traditional sense, upon a comparable type company. the real definition of a monopoly is when you have the ability to control the terms by which
other player or is, can access the market. when you have that kind of power to dictate what happens and amazon has that power, amazon has become a kind of gatekeeper. and their strategy is very much about being the e commerce platform for the entire world. ah, ah, the long long when i would show the wrong one, i'll just don't rule out the thing
because the african and engagement equals the trail. when so many find themselves well, depart. we choose to look for common ground the me, amazon is conquering one territory after another, after the us just basically took control of england, germany, france, japan, canada, italy, spain, brazil, mexico and australia. today the decisive battle for the company is taking place in india. ah. 7 in 2013 amazon arrived in india with the intention of gaining control of
a market estimated at $100000000000.00, conquer or fault or whatever . going to have been able to achieve globally, is they've been able to then pretty much all the major markets globally, right, for that in europe or in the u. s. and some of the other asian markets as a little bit of china the only but to suit of it is still open india. so a, this is the only battlefield is open be to the thing if it can be large. fancy amazon no one in
india is the fastest growing economy in the world with a 7 percent growth in 2017 was running the news. in recent years, some 200000000 indians have joined the middle class dramatically increasing the number of internet users and eager consumers. the news. as a result, indian e commerce is growing by 30 to 50 percent every year. amazon is not the only company trying to tap into this growth. competing with jeff bezos, his flip car, the leader of the indian market, founded by 2 ex amazon employees and paid him
a new startup finance by chinese giant alibaba. the 3 of them are waging a multi $1000000000.00 commercial war. in its 1st year, jeff bezos invested $2000000000.00 and then $2000000000.00 more the following year . to gain market share, amazon has already invested $5000000000.00 in india without seeing a profit. all of these 3 players are armed, still the top. they have a lot of phoenician, lot of funding, big guys backing up so you don't see anyone falling apart anytime soon. the battle gets even more complex. as these multinational corporations are facing a very strong nationalist pushback in india. this is the case in old delhi, the commercial district of the indian capital. here, commercial structures have remained unchanged for hundreds of years.
really that will let me go by them monday morning and i'm going to do my dad sitting at this table and 15 angry men, the largest group of merchants in all each own several shops in the neighborhood. they are the 1st to feel the impact of amazon's presence. or maybe you can do that. i just decided to go
over the merchants of old delhi are worried, but they have a major asset to slow down, amazons rise. they formed the electoral base of the b, j. p, the party empower and india since 2014. it's leader, prime minister and her and ramadi, promotes an exacerbated form of nationalism and defense. protection is view of the economy. the indian government recently introduced a bill that could severely limit amazon's room to maneuver, notably by preventing it from under cutting prices. jeff bezos had to engage in a diplomatic game. he regularly meets with prime minister moti
all. it's a significant stick for amazon and for, for the kind of investment which amazon has been doing the market. it's a reflection of the find a policy to see the big this market. and if it fails to reflect that in a globe movie for amazon it's, it's not a regional story. it's a, it's a little story for of yeah, in ah, me to come to the americans, the merchantable. deli, have a plan to ensure the government doesn't forget them.
i the pleasure for the 5 years or 10 years down the line because they're deep pockets in big losses. that is why they're coming to india. you can see any example in the words that they've been in the market as again then you get a monopoly shouted, what have you, she the bus will go around the country to alert other merchants and the population at large of the threats that looms over india obviously not in
the i a i. 6 in 2018, amazon announced its intention to invest yet again another $2000000000.00 in the country. it's operations in india have so far resulted in a net loss of $883000000.00. investing massive amounts of money often at a loss in order to conquer market share is the foundation of jeff bezos. global strategy despite is risky plan. amazon's boss still
maintains the competence of the financial markets. amazon stock value rises constantly. ah, in the last 4 years it is increased fivefold. ah, amazon lost about $3000000000.00 and it's for 6 years in business, selling books at a loss. and it worked, you know, i mean, now amazon is the dominant book retailer with more than half the market. and they've consistently done that in one sector after another where they go in, they lose money. other companies that are not, don't have the same backing from wall street, aren't able to operate at a loss. they go out of this, amazon takes over, you know, and this is a company that, that is able to lose money like that in a way that no one else is fees. oh, see, oh, i mean, one of the things when you're analyzing a company is management's credibility. he spent time on wall street at
a large hedge fund. i believe he sorta intuitively knew what institutional investors were looking for, knew how to educate them about comp range. i mean, as an analyst, it's not just about how much cash but you want when that cash is expected to come in the door. that helps you build better financial models. and so i believe he did a good job being able to speak language to financial market participants. jeff bezos has been very astute and how he communicates what he's doing to wall street. and he always talks about this idea that amazon is for the long term that he's not focused on the short term that what he's building is something much bigger. and it's over the long term. and wall street investors have have very much bought into that idea. and they have backed this company, even in the years when amazon lost a lot of money years when they made very little money. wall street continued to back this company. jeff basis was successful in imposing his long term vision to an
economy geared toward short term profits. having secured the confidence of wall street, he was able to make all of the world's commodities available in one click. this idea of accessibility was born 50 years ago in san francisco capital and the american counterculture gaffa, google, apple, facebook and amazon or the unexpected errors to these california hippies. a quick game like that. press your middle finger, g, a thumb drag and parts snapping like that. you can find adult pajamas with cat names or typewriters. fashion manual, you can add influence syringes and wallet, greeting cards in books or for you like that. you can have any delivery to your
door, snap and forever to consider where you did. i in the 19th sixty's in california, thousands of young americans turned away from industrial society, the vietnam war, and the atomic bomb. they decided to return to the land and live in communities based on new principles. this was the birth of the commune, movement. they were anti big technology. they didn't like bombs, didn't like heavy industry. but they love l. s. d, they love automobiles. they love the w hands. they love the products, the kind of consumer products of industrial society. and what they want to do is take those consumer products and repurpose them, turn them into the foundations of a new kind of society. a society built on shared experiences. personally, ambition,
consumption, consumption for the the community lists was going to be the foundation of a consciousness oriented society. ah, what we've got to do is identify the threats that we have. it's crazy foundation, let it be an arms race is often very dramatic. development only personally, i'm going to resist. i don't see how that strategy will be successful, very political time. time to sit down and talk or military mission against dam. we'll conclude on august 31st. i went to the phone for who did a good to us all the quote unquote a young girl. and i really wonder so much you've got to do that. you know,
southern company is something the cut that coupled with what was the quote to show that this was the right weapon against the right and the local. no, no, no bought it from but it was filled out through z o o z the the signing of the us to all about agreement and laid the groundwork for the road ahead toward a lasting peace in afghanistan. and i know that mcdonald and her oh i, i
use the top headlines here. what are the national are rocket strike in a residential area of cobbled kills at least 6 people with more injured pentagon officials are saying a us drones try catch a bomb laden truck carrying suicide bombers to the airport. meanwhile, the kind of i deployed extra security at cobble airport following horrific scenes earlier this week when a suicide bloss claimed at least a 170 lives, including 13 us marines.