Is Amazon Good for Small Business?
with Mark Jamison, Kunal Chopra, Rana Foroohar, and Stacy Mitchell
September 23, 2022
53 min
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268 of 464
September 23, 2022
Is Amazon Good for Small Business?
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53:16This episodeIs Amazon Good for Small Business?
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.
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