tv Documentary RT January 24, 2022 8:30pm-9:00pm EST
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i i i i thought with this guy, he's drunk, you know, come out here and back. right. just to put a space ship deal out here. i got to be drank in some kind of bad whiskey or so. i guess he's got enough money to do it. whatever he wants to do is get the money to play the game. i from 10 miles outside a town highway. $62.00 were lady is 45 miles
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ah, number one is amazon founder and ceo jeff bay says he is a 1st 20000000000 people. it's either fortune to buckled amazon diversity. so media to do that. 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. is you're still large enough to satisfy the ambitions of jeff bezos?
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what does jeff bezos want that he doesn't already have? what future does the multinational wish to impose on us and at what cost? with our story begins in 1094 in seattle suburb jeff bezos, a 30 something wall street expatriate creates amazon in his garage. and 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,
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i was in new york city working for quantitative hedge fund. when it came across the startling statistic, the web usage was great in 2300 percent a year. so i decided i would try and find a business plan that made sense in the context that grow with in the beginning they were only 3. 1 of the things it was really happening in seattle of that time was grudge so, so you had nevada and pearl jam and all that kind of music. so there 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,
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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 where books arrived. somebody was gonna have to pack them up and shut them out. and so, so until 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
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a day. the company owns over 250 warehouses and delivered on 5 continents. i guess amazon success cod 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 holes 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
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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 have lost about 85000 independent small businesses in the last 10 years. we've lost about $35000.00 small and mid sized manufacturers. you amazon is the only cause, but it's the top cause of those losses. mm. mm. stacy mitchell investigates amazon strategy of con,
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pushed a balancing act that they seem to walk between slowly taking over everything and rapidly taking over everything and yet not being so visible that people become alarmed. since i'm way is we're, you know, the train has left the station and as a society, if we're gonna try to figure out how to bring that back, it's much harder to do now than it would've been 10 years ago. if we had noticed what was really happening in the united states, amazon now controls half of all online commerce. the company leads online sales in clothing, electronics books, dds personal care and the products ah, it also offers the video on demand, online music, streaming video games,
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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 ceo 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 gm 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
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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 is, can access the market. when you have that kind of power to dictate what happens and
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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 was not a showdown, but rather an exercise in placing markers, the russia us talks in geneva settled basically nothing. however, the fight ministration can no longer say it does not understand russia's position on pan european security. the mom is in washington square. there may or may, we should all be may or may, we should all be angry because a was going, all right, can understand united states history and the role that slavery play, already a very formal institution at a time, united states became
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a nation. it actually to find the nation, the rise of capitalism was clearly on the backs of slate, enslaved efforts, if you had investigated lynching said a great extent. you can't believe that really having a country and a country still stands and i'm from the south. everybody know, know what this figure to some extent, i would argue that we're still fighting the civil war in the south is winning 100 mic. no 70, no. borders a piece a new fresh as a merge we don't have with the we don't have a vaccine. the whole world leads to take action and be ready. people are judgment,
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common crisis with we can do better, we should be better. everyone is contributing each in their own way, but we also know that this crisis will not go on forever. the challenge is great to response has been massive. so many good people are helping us. it makes us feel very proud that we are in it together with aah! bought by amazon is conquering one territory after another. after the u. s. just basic still control of england. germany, france, japan, canada, italy, spain,
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brazil, mexico and australia. today the decisive battle for the company is taking place in india. 7 in 2013 amazon arrived in india with the intention of gaining control of a market estimated at $100000000000.00, conquer or fault. what amazon has been able to achieve globally is to been able to vin,
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pretty much all the major markets globally, right, whether it is in europe or in europe and some of the other asian markets as well outside of china the only but 2 feet of it is still open, is india? so if this is the only battle feud is open be does a significant, large federal feet. and another one with india is the fastest growing economy in the world with a 7 percent growth in 2017. although was only in recent years, some 200000000 indians have joined the middle class dramatically increasing the number of internet users and eager consumers.
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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 as flip car, the leader of the indian market founded by 2 ex amazon employees and paid him a new startup financed by chinese giant ali baba. the 3 of them are waging a multi $1000000000.00 commercial war. in his 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 these tree, our players are armed, still the top. oh, they have a lot of phoenician, lot of funding, big guys backing up so you don't see anyone falling apart any time soon.
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the battle gets even more complex. as these multinational corporations are facing a very strong nationalist pushback in india. this is the case in all deli, the commercial district of the indian capital. here, commercial structures have remained unchanged for hundreds of years. believe that living that by monday morning and i'm going to be ready to do that. busy sitting at this table and 15 angry men, the largest group of merchants in all each own several shops in the neighborhood.
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they are the 1st to feel the impact of amazon's presence. or maybe you can do you know, the merchants of old delhi are worried, but they have a major asset to slow down amazon's 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 as view of the economy.
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ah, 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 is selection off the find a policy you to see the big this market. and if a tree is all to deflect bout in a global, be all for amazon it's, it's not a regional story. it's a, it's a global story for a,
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a to count to the americans, the merchantable. deli, have a plan to ensure the government doesn't forget them. a pleasure for the 5 or 10 years down the line to go down deep pockets if they can afford to offend big losses. that is why they are coming to in via you can see any example in the event in the process that get a better one market as of now again, then he did one. hopefully, a lot of you,
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ah, this bus will go around the country to alert other merchants and the population at large of the threat that looms over india or even hardy, i'm here with the . 6 6 me in 2018, amazon announced its intention to invest yet again another $2000000000.00 in the country. did operations in india have so far resulted in a net loss of $883000000.00.
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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 confidence of the financial markets. amazon stock value rises constantly. ah, in the last 4 years it has increased fivefold. ah, amazon lots 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
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a loss. they go out of business, amazon takes over, you know, and this is a company that is able to lose money like that in a way that no one else is jeff fees o c. o. 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 analysts, it's not just about how much cash but you want when that cash expect it to come in the door. ah, 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, as us, has been very astute at 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 is 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,
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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 bezos 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 ideal of accessibility was born 50 years ago in san francisco capital of the american counterculture gaffer google, apple, facebook and amazon are the unexpected errors to these california hippies.
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a collection like bad press your middle finger to thumb, drag them apart, snapping like that. you can find adult pajamas with cat names or typewriters, fashion manual, you can add insulin syringes and wallets, greeting cards, even books score or you like that. you can have any delivered to your door, snap and forever to consider where you did. i now in the 1960s 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 living community's based on new principles. this was the birth of the commune, movement. they were anti big technology. they didn't like bombs,
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didn't like heavy industry. but they loved l. s. d, they love automobiles. they loved b w vans. they love the products, the kind of consumer products of industrial society. and what they wanted to do was take those consumer products and re purpose them, turn them into the foundations of a new kind of society. a society built on shared experiences, personal ambition, consumption, consumption for the, the communal lists was going to be the foundation of a consciousness oriented society in various champs all down through here, calling this larry over here. so your camps are always a little nicer than this. this is evidence of absolute poverty, despair. people in our city and other cities all across america are living like this. we're at the original need and village that opened up in 2018 right now.
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there's 31 homes on the property. it's a little over 4 acres with 31 homes and a community center. unfortunately, a lot of people don't make it out of edition more homelessness, like, i'm just really happy here. i made it bad you with me in. oh, i hours in el zante, el salvador vick claim b h hyper big point is ation countries made big claim legal, tender. it's one of the fastest growing countries of the world now and things happen in a good way when you go all the way it cor join me every 1st day on the alex salmon show. but i'll be speaking to guess from the world of politics, sport business,
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i'm show business. i'll see you then. ah, the u. s. puts 8500 troops on high alert. the pentagon says they're ready for deployments in eastern europe if russia, ukraine. and thus, despite moscow thing, it has no such a british government minutes to quit, while fleming, what he calls the prime minister's lamentable track record. in fact, the claims of nasty fraud in the government. cobit load scheme and wiki league found a julian us. don wins the right to appeal to the u. k. supreme court to preventive extradition for the us on espionage charges. the ruling has been well.
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