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These are the user uploaded subtitles that are being translated: 1 00:00:30,266 --> 00:00:32,951 I thought, this guy, he's drunk. 2 00:00:32,951 --> 00:00:35,301 Come out here and buy these ranches 3 00:00:35,301 --> 00:00:38,411 to put a spaceship deal out here. 4 00:00:38,411 --> 00:00:39,721 He's gotta be drinking some kind 5 00:00:39,721 --> 00:00:40,961 of bad whiskey or something. 6 00:00:40,986 --> 00:00:41,819 It's true. 7 00:00:44,250 --> 00:00:46,613 I guess he's got enough money to do it. 8 00:00:48,322 --> 00:00:49,802 Whatever he wants to do, 9 00:00:49,802 --> 00:00:52,035 he's got the money to play the game. 10 00:00:56,692 --> 00:00:59,602 From 10 miles outside of town 11 00:00:59,602 --> 00:01:04,602 to highway 62 180 is 45 miles 12 00:01:05,468 --> 00:01:08,825 and he owns all that on both sides. 13 00:01:14,161 --> 00:01:17,355 They don't let anything out about it. 14 00:01:27,172 --> 00:01:29,842 This is the entrance but you have 15 00:01:29,842 --> 00:01:32,485 to have the key in order to get in. 16 00:01:34,182 --> 00:01:38,352 T minus 10, 17 00:01:39,202 --> 00:01:42,092 Just like an average ordinary guy 18 00:01:42,092 --> 00:01:44,382 until you talk to him and then you realize 19 00:01:44,382 --> 00:01:46,732 this guy's got a lot on his plate 20 00:01:46,732 --> 00:01:49,125 and he knows what he's doing. 21 00:01:50,310 --> 00:01:53,310 Five, four, start, two, one. 22 00:02:11,612 --> 00:02:13,472 Number one is Amazon founder 23 00:02:13,472 --> 00:02:15,122 and CEO Jeff Bezos. 24 00:02:15,122 --> 00:02:17,065 He is the first centi-billionaire. 25 00:02:24,332 --> 00:02:26,922 I'm using 26 00:02:26,922 --> 00:02:29,272 in place heavy lifting infrastructure 27 00:02:29,272 --> 00:02:32,586 so that the next generation 28 00:02:32,586 --> 00:02:37,586 a dynamic entrepreneurial 29 00:02:51,732 --> 00:02:53,112 Is the 30 00:02:53,112 --> 00:02:55,785 to satisfy the ambitions of Jeff Bezos? 31 00:03:17,282 --> 00:03:20,132 Amazon is the largest store in the world. 32 00:03:20,132 --> 00:03:23,272 It sends out 150 parcels per second 33 00:03:23,272 --> 00:03:25,135 adding up to five billion each year. 34 00:03:51,972 --> 00:03:54,765 Its boss Jeff Bezos 35 00:03:56,162 --> 00:03:58,685 to sell everything instantly everywhere. 36 00:03:59,722 --> 00:04:03,055 And to satisfy his customers' 37 00:04:06,502 --> 00:04:10,165 There are 300 million Amazon 38 00:04:19,302 --> 00:04:22,602 The multinational company 39 00:04:22,602 --> 00:04:23,915 and the way we consume. 40 00:04:26,462 --> 00:04:29,645 It has even succeeded in 41 00:04:59,712 --> 00:05:03,355 How exactly is Amazon taking 42 00:05:05,632 --> 00:05:09,085 What does Jeff Bezos want 43 00:05:11,862 --> 00:05:13,772 What future does the multinational wish 44 00:05:13,772 --> 00:05:16,085 to impose on us and at what cost? 45 00:05:37,162 --> 00:05:40,715 Our story begins in 1994 46 00:05:43,822 --> 00:05:46,902 Jeff Bezos a 30-something 47 00:05:46,902 --> 00:05:48,895 creates Amazon in his garage. 48 00:05:53,272 --> 00:05:54,822 I'm Jeff Bezos. 49 00:05:54,822 --> 00:05:57,152 And what 50 00:05:57,152 --> 00:05:59,222 I'm the founder of amazon.com. 51 00:05:59,222 --> 00:06:02,002 Where did you 52 00:06:02,002 --> 00:06:04,562 Well, three years ago 53 00:06:04,562 --> 00:06:06,702 working for a quantitative hedge fund 54 00:06:06,702 --> 00:06:08,742 when I came across a startling statistic 55 00:06:08,742 --> 00:06:12,092 that web usage was 56 00:06:12,092 --> 00:06:14,992 So, I decided I would try 57 00:06:14,992 --> 00:06:17,439 that made sense in the 58 00:06:23,402 --> 00:06:25,735 In the beginning 59 00:06:28,162 --> 00:06:29,512 One of the things that 60 00:06:29,512 --> 00:06:32,232 in Seattle at that time was grunge. 61 00:06:32,232 --> 00:06:34,332 So, you had Nirvana and Pearl Jam 62 00:06:34,332 --> 00:06:35,432 and all that kind of music. 63 00:06:35,432 --> 00:06:38,435 So, there were plaid shirts on everyone. 64 00:06:40,172 --> 00:06:41,962 Paul Davis 65 00:06:41,962 --> 00:06:44,545 who developed Amazon's very first website. 66 00:06:45,412 --> 00:06:48,552 And Amazon itself was out in a suburb 67 00:06:48,552 --> 00:06:52,272 that really was very far 68 00:06:52,272 --> 00:06:56,455 and any kind of scene 69 00:06:57,702 --> 00:06:59,282 There were basically two programmers 70 00:06:59,282 --> 00:07:01,456 working hard at writing code 71 00:07:01,456 --> 00:07:04,134 and Jeff working hard on the sort 72 00:07:04,134 --> 00:07:08,812 of business-y side of the new company. 73 00:07:08,812 --> 00:07:12,573 There wasn't this kind 74 00:07:12,573 --> 00:07:16,332 like, oh my god, what's 75 00:07:16,332 --> 00:07:17,622 What are we gonna tick off today? 76 00:07:17,622 --> 00:07:20,732 Oh my god, if that isn't done 77 00:07:20,732 --> 00:07:22,902 It was more just a case of methodically 78 00:07:22,902 --> 00:07:26,482 working as quickly as we could. 79 00:07:26,482 --> 00:07:27,842 Books arrived. 80 00:07:27,842 --> 00:07:30,172 Somebody was gonna have to 81 00:07:30,172 --> 00:07:32,315 and sometimes that would be Jeff. 82 00:07:32,315 --> 00:07:34,332 This is like the super early days 83 00:07:34,332 --> 00:07:35,512 when it was really just still the three 84 00:07:35,512 --> 00:07:37,555 of us plus his wife working part time. 85 00:07:38,422 --> 00:07:40,222 Sometimes it would be his wife MacKenzie. 86 00:07:40,222 --> 00:07:42,582 Sometimes it would even Shell or I 87 00:07:42,582 --> 00:07:43,472 if there weren't that many 88 00:07:43,472 --> 00:07:45,492 and we weren't super tied up in something. 89 00:07:45,492 --> 00:07:47,712 This was at a time when 90 00:07:47,712 --> 00:07:52,345 handling maybe less than 20 91 00:08:02,512 --> 00:08:04,872 25 years 92 00:08:04,872 --> 00:08:08,552 sends 20 parcels but 14 million a day. 93 00:08:08,552 --> 00:08:11,262 The company owns over 250 warehouses 94 00:08:11,262 --> 00:08:12,865 and delivers on five continents. 95 00:08:33,662 --> 00:08:37,622 Amazon's success caught 96 00:08:37,622 --> 00:08:40,602 She heads the Institute 97 00:08:40,602 --> 00:08:42,552 a research center studying the evolution 98 00:08:42,552 --> 00:08:43,752 of the American economy. 99 00:08:45,612 --> 00:08:46,962 For the past 10 years, 100 00:08:46,962 --> 00:08:49,775 she's been closely monitoring 101 00:08:53,072 --> 00:08:56,342 Amazon is like, it's 102 00:08:56,342 --> 00:08:59,932 It's got its tentacles in so 103 00:08:59,932 --> 00:09:02,792 There's nothing that Amazon 104 00:09:02,792 --> 00:09:05,442 They're now the biggest 105 00:09:05,442 --> 00:09:07,365 and they produce a lot of clothing. 106 00:09:08,752 --> 00:09:12,072 Bookstores, toy stores, hardware stores. 107 00:09:12,072 --> 00:09:14,092 It's kind of grown invisibly. 108 00:09:14,092 --> 00:09:17,322 It doesn't get noticed or covered 109 00:09:17,322 --> 00:09:18,972 by the media in the same way because 110 00:09:18,972 --> 00:09:23,382 it's not physically present 111 00:09:23,382 --> 00:09:26,992 Amazon is growing so rapidly 112 00:09:26,992 --> 00:09:29,462 but as they grow they're 113 00:09:29,462 --> 00:09:30,982 And we found that for every one 114 00:09:30,982 --> 00:09:33,422 new Amazon job that had been created, 115 00:09:33,422 --> 00:09:38,062 there were two jobs that were 116 00:09:38,062 --> 00:09:41,622 We've lost about 85,000 independent 117 00:09:41,622 --> 00:09:44,622 small business in the last 10 years. 118 00:09:44,622 --> 00:09:48,925 We've lost about 35,000 small 119 00:09:49,766 --> 00:09:51,755 Amazon isn't the only cause 120 00:09:51,755 --> 00:09:55,295 but it's the top cause of those losses. 121 00:10:02,632 --> 00:10:04,492 Stacy Mitchell investigates 122 00:10:04,492 --> 00:10:06,775 Amazon's strategy of conquest. 123 00:10:07,872 --> 00:10:10,222 There's a kind of 124 00:10:10,222 --> 00:10:14,032 to walk between slowly 125 00:10:14,032 --> 00:10:16,962 or rapidly taking over everything 126 00:10:16,962 --> 00:10:18,693 and yet not being so visible 127 00:10:18,693 --> 00:10:21,782 that people become alarmed. 128 00:10:21,782 --> 00:10:24,742 So, in some ways the 129 00:10:24,742 --> 00:10:26,812 and as a society if we're 130 00:10:26,812 --> 00:10:29,642 how to bring that back 131 00:10:29,642 --> 00:10:31,092 than it would have been 10 years ago 132 00:10:31,092 --> 00:10:33,292 if we had noticed what 133 00:10:36,692 --> 00:10:37,892 In the United States, 134 00:10:37,892 --> 00:10:41,455 Amazon now controls half 135 00:10:46,632 --> 00:10:48,925 The company leads online sales, 136 00:10:51,102 --> 00:10:55,442 in clothing, electronics, books, DVDs, 137 00:10:55,442 --> 00:10:58,045 personal care, and beauty products. 138 00:10:59,562 --> 00:11:02,072 It also offers video on demand, 139 00:11:02,072 --> 00:11:04,682 online music streaming, video games, 140 00:11:04,682 --> 00:11:08,275 data storage, insurance, as well as drugs. 141 00:11:09,282 --> 00:11:12,292 Amazon also embodies a 142 00:11:12,292 --> 00:11:14,072 progressive and liberal. 143 00:11:14,072 --> 00:11:15,892 Its acquisition of Whole Foods, 144 00:11:15,892 --> 00:11:18,915 leader of high-end organic 145 00:11:20,482 --> 00:11:22,892 Jeff Bezos is a complex character. 146 00:11:22,892 --> 00:11:25,472 He's a CEO as well as an investor. 147 00:11:25,472 --> 00:11:29,812 But in 2013, he personally 148 00:11:29,812 --> 00:11:32,415 one of the most prestigious 149 00:11:36,552 --> 00:11:39,192 Step by step, the Amazon empire 150 00:11:39,192 --> 00:11:41,135 extends its grip on the world. 151 00:11:44,162 --> 00:11:46,397 Really, Amazon at this point represents 152 00:11:46,397 --> 00:11:50,742 the transformation of 153 00:11:50,742 --> 00:11:53,122 The old saying when I first came 154 00:11:53,122 --> 00:11:54,372 to the Street back in the day 155 00:11:54,372 --> 00:11:57,162 was what's good for GM 156 00:11:57,162 --> 00:11:58,852 Today that's largely Amazon 157 00:11:58,852 --> 00:12:01,242 as the largest market cap company. 158 00:12:01,242 --> 00:12:03,722 It's greatly intertwined with 159 00:12:03,722 --> 00:12:06,892 the entire American and global economy. 160 00:12:06,892 --> 00:12:10,380 Amazon essentially 161 00:12:10,380 --> 00:12:12,982 It's not really a market, 162 00:12:12,982 --> 00:12:14,332 Amazon sets the rules. 163 00:12:14,332 --> 00:12:17,562 It gets to decide which 164 00:12:17,562 --> 00:12:19,596 which companies rank 165 00:12:19,596 --> 00:12:21,212 who can even be there, 166 00:12:21,212 --> 00:12:22,472 what they're allowed to sell, 167 00:12:22,472 --> 00:12:24,842 how they can communicate 168 00:12:24,842 --> 00:12:27,792 what they have to pay in 169 00:12:27,792 --> 00:12:29,662 The old saying is if 170 00:12:29,662 --> 00:12:32,292 and quacks like a duck, it's a duck. 171 00:12:32,292 --> 00:12:36,032 Amazon looks like a monopoly, 172 00:12:36,032 --> 00:12:39,196 makes money like a monopoly, 173 00:12:39,196 --> 00:12:41,580 so when I look at it you have 174 00:12:41,580 --> 00:12:45,365 to use monopolies in the traditional sense 175 00:12:45,365 --> 00:12:48,352 to find a comparable type company. 176 00:12:48,352 --> 00:12:50,072 The real definition of a monopoly 177 00:12:50,072 --> 00:12:55,072 is when you have the 178 00:12:55,140 --> 00:12:59,422 by which other players 179 00:12:59,422 --> 00:13:01,822 So, when you have that kind of power 180 00:13:01,822 --> 00:13:03,822 to dictate what happens, 181 00:13:03,822 --> 00:13:05,412 and Amazon has that power, 182 00:13:05,412 --> 00:13:07,516 Amazon has become a kind of gatekeeper 183 00:13:07,516 --> 00:13:10,039 and their strategy is very much about 184 00:13:10,039 --> 00:13:15,039 being the e-commerce platform 185 00:13:21,862 --> 00:13:23,012 Amazon is conquering 186 00:13:23,012 --> 00:13:25,282 one territory after another. 187 00:13:25,282 --> 00:13:28,362 After the U.S., Jeff Bezos 188 00:13:28,362 --> 00:13:33,180 Germany, France, Japan, Canada, Italy, 189 00:13:33,180 --> 00:13:38,032 Spain, Brazil, Mexico, and Australia. 190 00:13:38,032 --> 00:13:40,202 Today the decisive battle for the company 191 00:13:40,202 --> 00:13:41,455 is taking place in India. 192 00:13:55,162 --> 00:13:58,782 In 2013, Amazon arrived in 193 00:13:58,782 --> 00:14:02,465 of gaining control of a market 194 00:14:03,343 --> 00:14:04,575 conquer or falter. 195 00:14:29,002 --> 00:14:30,522 What Amazon has been 196 00:14:30,522 --> 00:14:31,895 is they've been able to, 197 00:14:32,818 --> 00:14:35,742 pretty much all major 198 00:14:35,742 --> 00:14:37,272 whether it is in Europe or in the U.S. 199 00:14:37,272 --> 00:14:39,682 and some of the other Asian markets 200 00:14:39,682 --> 00:14:40,932 as well outside of China. 201 00:14:42,242 --> 00:14:46,672 The only battlefield that 202 00:14:46,672 --> 00:14:49,262 So, A, this is the only 203 00:14:49,262 --> 00:14:51,412 B, it is a significantly 204 00:15:07,072 --> 00:15:08,992 India is the 205 00:15:08,992 --> 00:15:12,375 in the world with a seven 206 00:15:24,622 --> 00:15:26,962 In recent years, 207 00:15:26,962 --> 00:15:28,422 have joined the middle class, 208 00:15:28,422 --> 00:15:30,002 dramatically increasing the number 209 00:15:30,002 --> 00:15:32,085 of internet users and eager consumers. 210 00:15:43,137 --> 00:15:44,822 As a result, Indian e-commerce 211 00:15:44,822 --> 00:15:47,525 is growing by 30 to 50% every year. 212 00:15:49,072 --> 00:15:50,802 Amazon is not the only company 213 00:15:50,802 --> 00:15:52,485 trying to tap into this growth. 214 00:15:54,792 --> 00:15:57,202 Competing with Jeff Bezos is Flipkart, 215 00:15:57,202 --> 00:15:59,192 the leader of the Indian market founded 216 00:15:59,192 --> 00:16:01,342 by two ex-Amazon employees 217 00:16:01,342 --> 00:16:06,342 and Paytm, a new startup financed 218 00:16:06,592 --> 00:16:07,902 The three of them are waging 219 00:16:07,902 --> 00:16:11,002 a multibillion dollar commercial war. 220 00:16:11,002 --> 00:16:11,992 In its first year, 221 00:16:11,992 --> 00:16:14,402 Jeff Bezos invested two billion dollars 222 00:16:14,402 --> 00:16:16,772 and then two billion 223 00:16:16,772 --> 00:16:17,882 To gain market share, 224 00:16:17,882 --> 00:16:20,752 Amazon has already invested 225 00:16:20,752 --> 00:16:22,635 in India without seeing a profit. 226 00:16:26,432 --> 00:16:31,312 All these three players 227 00:16:31,312 --> 00:16:34,152 They have a lot of 228 00:16:34,152 --> 00:16:35,142 big guys backing up. 229 00:16:35,142 --> 00:16:39,145 So, you don't see anyone 230 00:16:43,192 --> 00:16:45,352 The battle 231 00:16:45,352 --> 00:16:47,622 as these multinational 232 00:16:47,622 --> 00:16:50,175 a very strong nationalist 233 00:16:51,402 --> 00:16:53,072 This is the case in old Delhi, 234 00:16:53,072 --> 00:16:55,872 the commercial district 235 00:16:55,872 --> 00:16:57,572 Here, commercial structures have 236 00:16:57,572 --> 00:17:00,125 remained unchanged for hundreds of years. 237 00:17:35,042 --> 00:17:36,782 Sitting at 238 00:17:36,782 --> 00:17:38,982 the largest group of 239 00:17:39,832 --> 00:17:42,292 Each owns several shops 240 00:17:42,292 --> 00:17:45,365 they are the first to feel the 241 00:18:10,622 --> 00:18:12,435 The merchants 242 00:18:12,435 --> 00:18:16,655 but they have a major asset 243 00:18:22,092 --> 00:18:25,062 They form the electoral base of the BJP, 244 00:18:25,062 --> 00:18:28,752 the party in power in India since 2014. 245 00:18:28,752 --> 00:18:31,412 Its leader, Prime Minister Narendra Modi, 246 00:18:31,412 --> 00:18:33,731 promotes an exacerbated 247 00:18:33,731 --> 00:18:36,935 and defends a protectionist 248 00:18:42,432 --> 00:18:44,922 The Indian government 249 00:18:44,922 --> 00:18:47,735 that could severely limit 250 00:18:49,072 --> 00:18:51,775 Notably by preventing it 251 00:18:54,002 --> 00:18:56,975 Jeff Bezos had to engage 252 00:18:57,892 --> 00:19:00,255 He regularly meets with 253 00:19:03,762 --> 00:19:06,879 It's a significant stake for Amazon 254 00:19:06,879 --> 00:19:09,332 and for the kind of 255 00:19:09,332 --> 00:19:10,974 has been doing in the Indian market, 256 00:19:10,974 --> 00:19:12,602 it is a reflection of the point 257 00:19:12,602 --> 00:19:15,312 at how seriously they take this market. 258 00:19:15,312 --> 00:19:16,185 And if it fails, 259 00:19:18,509 --> 00:19:21,992 it will reflect bad in 260 00:19:21,992 --> 00:19:25,945 It's not a regional story, 261 00:19:48,742 --> 00:19:50,072 To counter the Americans, 262 00:19:50,072 --> 00:19:51,882 the merchants of Old Delhi have a plan 263 00:19:51,882 --> 00:19:54,172 to ensure the government 264 00:20:19,451 --> 00:20:20,574 The troubled businesses will be hurt 265 00:20:20,574 --> 00:20:21,812 because their plans for five years 266 00:20:21,812 --> 00:20:23,392 or 10 years down the line. 267 00:20:23,392 --> 00:20:24,922 Because they have deep pockets, 268 00:20:24,922 --> 00:20:27,062 they can afford to sustain big losses, 269 00:20:27,062 --> 00:20:28,502 that is why they are coming to India. 270 00:20:28,502 --> 00:20:30,508 You can see any example in the world, 271 00:20:30,508 --> 00:20:32,222 wherever they went in the first instance, 272 00:20:32,222 --> 00:20:33,802 they created their own market 273 00:20:33,802 --> 00:20:36,919 and again then created their monopoly and. 274 00:20:43,452 --> 00:20:45,432 This bus 275 00:20:45,432 --> 00:20:48,232 to alert other merchants 276 00:20:48,232 --> 00:20:50,655 of the threat that looms over India. 277 00:21:24,132 --> 00:21:27,322 In 2018, Amazon 278 00:21:27,322 --> 00:21:29,162 to invest yet again another 279 00:21:29,162 --> 00:21:31,582 two billion dollars in the country. 280 00:21:31,582 --> 00:21:33,662 Its operations in India have so far 281 00:21:33,662 --> 00:21:36,885 resulted in a net loss of $883 million. 282 00:21:44,252 --> 00:21:47,172 Investing massive amounts 283 00:21:47,172 --> 00:21:49,132 in order to conquer market share 284 00:21:49,132 --> 00:21:52,145 is the foundation of Jeff 285 00:21:55,092 --> 00:21:56,702 Despite this risky plan, 286 00:21:56,702 --> 00:21:58,532 Amazon's boss still maintains 287 00:21:58,532 --> 00:22:01,282 the confidence of the financial markets. 288 00:22:01,282 --> 00:22:04,155 Amazon's stock value rises constantly. 289 00:22:07,062 --> 00:22:08,352 In the last four years, 290 00:22:08,352 --> 00:22:10,075 it has increased fivefold. 291 00:22:15,382 --> 00:22:17,412 Amazon lost about three billion dollars 292 00:22:17,412 --> 00:22:21,572 in its first six years in 293 00:22:21,572 --> 00:22:23,302 And it worked. 294 00:22:23,302 --> 00:22:25,982 Now Amazon is the dominant book retailer 295 00:22:25,982 --> 00:22:27,552 with more than half the market 296 00:22:27,552 --> 00:22:29,152 and they've consistently done 297 00:22:29,152 --> 00:22:31,274 that in one sector after another 298 00:22:31,274 --> 00:22:34,272 where they go in, they lose money. 299 00:22:34,272 --> 00:22:35,962 Other companies that are not, 300 00:22:35,962 --> 00:22:38,302 don't have the same 301 00:22:38,302 --> 00:22:40,732 aren't able to operate at a loss. 302 00:22:40,732 --> 00:22:43,535 They go out of business, 303 00:22:44,722 --> 00:22:48,432 This is a company that 304 00:22:48,432 --> 00:22:50,832 like that in a way that no one else is. 305 00:22:50,832 --> 00:22:53,102 Jeff Bezos, CEO, one 306 00:22:53,102 --> 00:22:56,122 analyzing a company is 307 00:22:56,122 --> 00:22:59,322 He spent time on Wall Street 308 00:22:59,322 --> 00:23:01,362 So, I believe he sort of intuitively knew 309 00:23:01,362 --> 00:23:03,822 what institutional 310 00:23:03,822 --> 00:23:06,172 knew how to educate 'em about time frames. 311 00:23:06,172 --> 00:23:08,852 As an analyst it's not 312 00:23:08,852 --> 00:23:10,402 but you want to know when that cash 313 00:23:10,402 --> 00:23:12,492 is expected to come in the door. 314 00:23:12,492 --> 00:23:14,902 That helps you build 315 00:23:14,902 --> 00:23:17,022 And so, I believe he did 316 00:23:17,022 --> 00:23:20,982 to speak the language to 317 00:23:20,982 --> 00:23:24,062 Jeff Bezos has been 318 00:23:24,062 --> 00:23:26,372 communicates what he's 319 00:23:26,372 --> 00:23:29,312 And he always talks about this idea 320 00:23:29,312 --> 00:23:31,272 that Amazon is for the long term, 321 00:23:31,272 --> 00:23:33,302 that he's not focused on the short term, 322 00:23:33,302 --> 00:23:36,050 that what he's building 323 00:23:36,050 --> 00:23:37,902 and it's over the long term. 324 00:23:37,902 --> 00:23:40,102 And Wall Street investors have very 325 00:23:40,102 --> 00:23:41,702 much bought into that idea 326 00:23:41,702 --> 00:23:44,231 and they have backed this company 327 00:23:44,231 --> 00:23:48,632 even in the years when 328 00:23:48,632 --> 00:23:51,072 years when they made very little money. 329 00:23:51,072 --> 00:23:53,605 Wall Street continued 330 00:23:54,982 --> 00:23:56,906 Jeff Bezos was successful 331 00:23:56,906 --> 00:23:58,312 in imposing his long term vision 332 00:23:58,312 --> 00:24:01,105 to an economy geared 333 00:24:01,954 --> 00:24:04,862 Having secured the 334 00:24:04,862 --> 00:24:05,952 he was able to make all 335 00:24:05,952 --> 00:24:08,455 of the world's commodities 336 00:24:24,022 --> 00:24:26,312 This ideal of accessibility was borne 337 00:24:26,312 --> 00:24:28,662 50 years ago in San Francisco, 338 00:24:28,662 --> 00:24:30,662 capital of the American counter culture. 339 00:24:33,292 --> 00:24:36,226 Google, Apple, Facebook, and Amazon 340 00:24:36,226 --> 00:24:39,695 are the unexpected heirs to 341 00:24:42,462 --> 00:24:45,122 I click like that, 342 00:24:45,122 --> 00:24:47,152 press your middle finger to your thumb, 343 00:24:47,152 --> 00:24:49,512 drag them apart snapping like that. 344 00:24:49,512 --> 00:24:52,042 You can find adult pajamas with cat memes 345 00:24:52,042 --> 00:24:53,922 or typewriter's fashion manual. 346 00:24:53,922 --> 00:24:56,052 You have insulin syringes and wallets, 347 00:24:56,052 --> 00:24:58,864 greeting cards, even 348 00:24:58,864 --> 00:25:02,122 You can have anything 349 00:25:02,122 --> 00:25:03,212 A snap. 350 00:25:03,212 --> 00:25:05,185 An forever to consider why you did. 351 00:25:13,349 --> 00:25:14,922 In the 1960s in California, 352 00:25:14,922 --> 00:25:16,932 thousands of young Americans turned away 353 00:25:16,932 --> 00:25:19,286 from industrial society, the Vietnam war, 354 00:25:19,286 --> 00:25:21,145 and the atomic bomb. 355 00:25:26,032 --> 00:25:27,802 They decided to return to the land 356 00:25:27,802 --> 00:25:31,172 and live in communities 357 00:25:31,172 --> 00:25:33,322 This was the birth of 358 00:25:35,062 --> 00:25:36,752 They were anti-big technology. 359 00:25:36,752 --> 00:25:39,405 They didn't like bombs, they 360 00:25:39,405 --> 00:25:43,162 but they loved LSD, 361 00:25:43,162 --> 00:25:45,152 they loved VW vans. 362 00:25:45,152 --> 00:25:46,562 They loved the products, 363 00:25:46,562 --> 00:25:49,832 the kind of consumer products 364 00:25:49,832 --> 00:25:50,992 And what they wanted to do was 365 00:25:50,992 --> 00:25:53,512 take those consumer 366 00:25:53,512 --> 00:25:54,882 turn them into the foundations 367 00:25:54,882 --> 00:25:56,822 of a new kind of society, 368 00:25:56,822 --> 00:25:58,962 a society built on shared experiences, 369 00:25:58,962 --> 00:26:02,942 personal ambition, consumption. 370 00:26:02,942 --> 00:26:06,002 Consumption for the 371 00:26:06,002 --> 00:26:10,045 the foundation of a 372 00:26:12,052 --> 00:26:13,502 The Whole Earth Catalog 373 00:26:13,502 --> 00:26:14,895 was part of the movement. 374 00:26:15,912 --> 00:26:18,772 This publication was 375 00:26:18,772 --> 00:26:21,795 a former biology student 376 00:26:23,542 --> 00:26:25,772 He wanted to help 377 00:26:25,772 --> 00:26:27,722 they needed to fend for themselves 378 00:26:27,722 --> 00:26:30,625 by showing them where to 379 00:26:41,343 --> 00:26:42,176 It's so weird because, 380 00:26:42,176 --> 00:26:43,765 so these people are going to build farms 381 00:26:43,765 --> 00:26:46,572 but what kind of tools do they take? 382 00:26:46,572 --> 00:26:48,382 They take books. 383 00:26:48,382 --> 00:26:51,031 And that's because what 384 00:26:51,031 --> 00:26:55,102 was not just farm equipment 385 00:26:55,102 --> 00:26:56,662 They wanted to change their minds. 386 00:26:56,662 --> 00:27:00,572 Catalog is absolutely essential 387 00:27:00,572 --> 00:27:03,165 and to the commune 388 00:27:03,165 --> 00:27:07,292 But it's also central to Silicon Valley. 389 00:27:07,292 --> 00:27:09,922 They found this world and they began 390 00:27:09,922 --> 00:27:13,482 to reimagine computers 391 00:27:13,482 --> 00:27:16,332 that the Whole Earth Catalog had promised. 392 00:27:16,332 --> 00:27:17,972 When I was young, 393 00:27:17,972 --> 00:27:19,466 there was an amazing publication 394 00:27:19,466 --> 00:27:22,012 called the Whole Earth Catalog 395 00:27:22,012 --> 00:27:24,862 which was one of the 396 00:27:24,862 --> 00:27:26,482 It was idealistic, 397 00:27:26,482 --> 00:27:29,465 overflowing with neat 398 00:27:30,482 --> 00:27:32,702 On the back cover of their final issue 399 00:27:32,702 --> 00:27:36,902 were the words "Stay 400 00:27:36,902 --> 00:27:40,072 It was their farewell 401 00:27:40,072 --> 00:27:43,152 Stay hungry, stay foolish. 402 00:27:43,152 --> 00:27:46,522 And I have always wished that for myself. 403 00:27:46,522 --> 00:27:48,162 When you look at the catalog, 404 00:27:48,162 --> 00:27:50,949 it is trying to give you access to goods 405 00:27:50,949 --> 00:27:53,212 that will transform your life 406 00:27:53,212 --> 00:27:54,622 and it is trying to be whole. 407 00:27:54,622 --> 00:27:57,589 It is trying to literally 408 00:27:57,589 --> 00:28:01,832 You can see that now in the 409 00:28:01,832 --> 00:28:04,541 Amazon is in many ways 410 00:28:04,541 --> 00:28:07,432 of access to the things 411 00:28:07,432 --> 00:28:09,592 in its structure, in its interconnections, 412 00:28:09,592 --> 00:28:12,759 in its being a global information system 413 00:28:12,759 --> 00:28:15,759 to supply goods that 414 00:28:15,759 --> 00:28:18,035 It's the catalog online. 415 00:28:20,212 --> 00:28:21,472 Thanks to the internet, 416 00:28:21,472 --> 00:28:25,375 has Amazon globalized the ideals 417 00:28:26,442 --> 00:28:28,742 Today Stewart Brand, its founder, 418 00:28:28,742 --> 00:28:31,065 has a very rich friend, Jeff Bezos. 419 00:28:49,502 --> 00:28:52,745 But affinities between hippies 420 00:28:58,272 --> 00:29:01,915 Jeff Bezos is a libertarian 421 00:29:02,812 --> 00:29:05,458 He values complete 422 00:29:05,458 --> 00:29:08,265 unimpeded by laws and regulations. 423 00:29:12,372 --> 00:29:15,632 Amazon burned off the social vision 424 00:29:15,632 --> 00:29:17,661 that animated so many in the 1960s, 425 00:29:17,661 --> 00:29:20,742 the hope of a better 426 00:29:20,742 --> 00:29:24,018 through interconnected 427 00:29:24,018 --> 00:29:27,142 At least it's gone for 428 00:29:27,142 --> 00:29:29,472 And it's gone along with 429 00:29:29,472 --> 00:29:32,782 It's good along with some of 430 00:29:32,782 --> 00:29:34,502 The civic world is not something 431 00:29:34,502 --> 00:29:36,781 that I see Amazon caring about at all 432 00:29:36,781 --> 00:29:38,822 and I think that's a great shame. 433 00:29:38,822 --> 00:29:40,115 I think it's picked up on one 434 00:29:40,115 --> 00:29:42,682 of the core elements of 435 00:29:42,682 --> 00:29:47,176 but it's lost whatever civic 436 00:29:47,176 --> 00:29:48,755 and that's a great shame. 437 00:30:11,601 --> 00:30:13,744 My name is Alexander Schreiber. 438 00:30:14,290 --> 00:30:17,471 I grew up in Leipzig and I live here now. 439 00:30:18,555 --> 00:30:20,028 I am 41 years old. 440 00:30:20,753 --> 00:30:26,177 I have worked at Amazon Leipzig for 441 00:30:30,686 --> 00:30:32,840 So over the years, I have seen a lot. 442 00:30:33,431 --> 00:30:36,162 And now I can work at all 443 00:30:36,240 --> 00:30:39,220 of the large departments. 444 00:30:39,481 --> 00:30:44,235 Receive, Stow, Pick and Packing. 445 00:30:50,452 --> 00:30:52,192 Before joining Amazon, 446 00:30:52,192 --> 00:30:54,735 Alexander was a soldier 447 00:30:57,042 --> 00:30:58,032 But in the warehouse, 448 00:30:58,032 --> 00:31:00,592 he was confronted with 449 00:31:00,592 --> 00:31:02,845 where employees are treated like robots. 450 00:31:07,258 --> 00:31:10,217 Because how it usually works 451 00:31:10,242 --> 00:31:13,789 is that they create a position. 452 00:31:14,345 --> 00:31:17,894 Afterwards, the human 453 00:31:18,163 --> 00:31:20,172 like a piece of a puzzle. 454 00:31:20,819 --> 00:31:21,901 Not the other way around. 455 00:31:23,219 --> 00:31:25,830 At work, 456 00:31:26,203 --> 00:31:28,752 it is not about a single procedure 457 00:31:29,002 --> 00:31:35,080 of storing an item or picking up the 458 00:31:35,142 --> 00:31:40,517 Rather, the challenge lies 459 00:31:40,846 --> 00:31:45,736 That you might do something 460 00:31:45,830 --> 00:31:50,546 maybe 10,000 times a week, 461 00:31:50,829 --> 00:31:55,197 And meanwhile, staying 462 00:31:55,252 --> 00:31:58,505 physically, and your mind, psychologically. 463 00:31:58,585 --> 00:32:02,469 Keeping the precision after 500,000 464 00:32:05,465 --> 00:32:06,438 You have a scanner that there's 465 00:32:06,438 --> 00:32:09,099 a line telling you where you have to go. 466 00:32:09,099 --> 00:32:11,681 When you pack you have to move the way 467 00:32:11,681 --> 00:32:14,501 where a computer stands and the scanners 468 00:32:14,501 --> 00:32:18,645 and the managers and teachers and leaders 469 00:32:18,645 --> 00:32:22,655 teach you to make so-called, of movement. 470 00:32:22,655 --> 00:32:25,705 So, first you take this hand, 471 00:32:25,705 --> 00:32:27,015 and you pack and do the line 472 00:32:27,015 --> 00:32:30,308 and you really have to 473 00:32:31,935 --> 00:32:33,691 There's something new in the sense 474 00:32:33,691 --> 00:32:36,365 that you work as a machine 475 00:32:36,365 --> 00:32:38,617 but you're also controlled by machines 476 00:32:38,617 --> 00:32:40,745 and this is something scary. 477 00:32:40,745 --> 00:32:43,129 If you don't follow this rhythm that 478 00:32:43,129 --> 00:32:48,129 corporation push on you 479 00:32:48,155 --> 00:32:51,275 They tell you if you don't 480 00:32:51,275 --> 00:32:54,418 we don't want unhappy workers. 481 00:32:55,105 --> 00:32:58,011 And also, when I have to do 482 00:32:59,167 --> 00:33:02,354 I don’t get bored to an extent that causes 483 00:33:02,527 --> 00:33:04,308 « bore out syndrome». 484 00:33:04,370 --> 00:33:06,605 It has the same effects as a burnout, 485 00:33:06,949 --> 00:33:11,448 but it is characterized by 486 00:33:11,667 --> 00:33:13,464 That’s the challenge. 487 00:33:13,761 --> 00:33:17,418 And that’s the psychological 488 00:33:17,683 --> 00:33:19,574 The main one, in my opinion. 489 00:33:29,105 --> 00:33:30,725 In Germany, on Black Friday, 490 00:33:30,725 --> 00:33:32,525 the unions are calling for a strike. 491 00:33:33,996 --> 00:33:36,558 I am welcoming you to this 492 00:33:36,715 --> 00:33:38,699 who organized today’s event. 493 00:33:49,605 --> 00:33:54,261 Thanks to those of you who helped 494 00:33:57,235 --> 00:33:59,579 In Europe, Jeff 495 00:33:59,579 --> 00:34:02,182 where social protections 496 00:34:02,182 --> 00:34:04,738 and where employees 497 00:34:09,505 --> 00:34:11,075 For the last five years, Verdi, 498 00:34:11,075 --> 00:34:12,785 the main German union, 499 00:34:12,785 --> 00:34:14,205 has been organizing strikes 500 00:34:14,205 --> 00:34:16,728 in the country's 11 Amazon warehouses. 501 00:34:18,092 --> 00:34:21,919 Did you sign up for the strike 502 00:34:21,982 --> 00:34:23,982 Done. 503 00:34:24,685 --> 00:34:25,725 The workers are mainly 504 00:34:25,725 --> 00:34:27,398 asking for wage increases. 505 00:34:28,285 --> 00:34:29,975 Thanks to these mobilizations, 506 00:34:29,975 --> 00:34:32,345 the Leipzig warehouse 507 00:34:32,345 --> 00:34:36,398 increased their wages by 508 00:34:37,810 --> 00:34:39,919 See you tomorrow then, thank you! 509 00:34:48,275 --> 00:34:50,455 April 2018. 510 00:34:50,455 --> 00:34:53,085 The major German media group Axel Springer 511 00:34:53,085 --> 00:34:55,055 is about to award Bezos its prize 512 00:34:55,055 --> 00:34:57,205 for the most innovative 513 00:35:02,245 --> 00:35:04,795 Verdi has called on workers 514 00:35:04,795 --> 00:35:07,045 to come and protest in 515 00:35:09,555 --> 00:35:11,635 Standing alongside the Germans today 516 00:35:11,635 --> 00:35:15,285 are Polish, Italian, and French workers. 517 00:35:15,285 --> 00:35:16,968 They are 1,000 strong. 518 00:35:18,345 --> 00:35:19,405 Welcome to Berlin. 519 00:35:19,405 --> 00:35:21,295 Thanks, it's great to be here. 520 00:35:21,295 --> 00:35:26,295 Today Amazon is 521 00:35:27,015 --> 00:35:31,085 You're probably the biggest 522 00:35:31,085 --> 00:35:33,765 At the same time, you are 523 00:35:33,765 --> 00:35:38,715 by unions and by media 524 00:35:38,715 --> 00:35:41,825 for inappropriate working conditions. 525 00:35:41,825 --> 00:35:44,475 How do deal with these accusations? 526 00:35:44,475 --> 00:35:47,265 If you're going to do 527 00:35:47,265 --> 00:35:50,425 you have to be willing 528 00:35:50,425 --> 00:35:53,955 If you can't afford to be misunderstood 529 00:35:53,955 --> 00:35:54,815 then for goodness' sake, 530 00:35:54,815 --> 00:35:56,668 don't do anything new or innovative. 531 00:35:57,373 --> 00:35:59,529 We no longer tighten our 532 00:35:59,975 --> 00:36:02,535 I'm very proud of our working conditions 533 00:36:02,535 --> 00:36:04,735 and I'm very proud of 534 00:36:05,029 --> 00:36:08,607 Even if Jeff Bezos doesn’t 535 00:36:08,845 --> 00:36:12,805 In Germany we employ 16,000 people. 536 00:36:12,805 --> 00:36:16,815 We pay at the high end of the 537 00:36:16,815 --> 00:36:19,925 We demand wages and 538 00:36:19,925 --> 00:36:23,095 to work less so we can live more. 539 00:36:23,095 --> 00:36:26,295 We have very good 540 00:36:26,295 --> 00:36:28,861 so we don't believe that 541 00:36:28,861 --> 00:36:32,235 an intermediary between 542 00:36:32,235 --> 00:36:34,545 Congratulate you for 543 00:36:34,545 --> 00:36:36,018 Thank you. 544 00:36:36,018 --> 00:36:37,015 And congratulations. 545 00:36:37,015 --> 00:36:38,034 Very nice, thank you. 546 00:36:38,034 --> 00:36:40,031 Thank you. 547 00:36:40,031 --> 00:36:42,335 Thank you guys, thank you. 548 00:36:42,335 --> 00:36:46,344 In 2017, 549 00:36:46,344 --> 00:36:47,908 in total revenue. 550 00:36:49,345 --> 00:36:51,075 The multinational is crushing all 551 00:36:51,075 --> 00:36:53,885 its competitors in online sales. 552 00:36:53,885 --> 00:36:57,125 But Amazon is also the 553 00:36:57,125 --> 00:36:59,935 It has nothing to do with 554 00:36:59,935 --> 00:37:01,688 but it's of strategic importance. 555 00:37:03,085 --> 00:37:07,565 The cloud, an online data 556 00:37:07,565 --> 00:37:09,705 Entire databases and web services 557 00:37:09,705 --> 00:37:12,335 are physically hosted in 558 00:37:12,335 --> 00:37:14,928 huge buildings filled with servers. 559 00:37:21,175 --> 00:37:24,065 Amazon owns 120 data centers like 560 00:37:24,065 --> 00:37:26,098 this one spread around the world. 561 00:37:28,655 --> 00:37:32,045 In 2017, Amazon Web Services accounted 562 00:37:32,045 --> 00:37:34,315 for only 12% of its turnover, 563 00:37:34,315 --> 00:37:35,978 but 60% of its profits. 564 00:38:13,467 --> 00:38:15,265 Amazon is a retailer but it's really, 565 00:38:15,265 --> 00:38:17,695 it's a mistake to think 566 00:38:17,695 --> 00:38:19,985 Amazon is a company that 567 00:38:19,985 --> 00:38:23,695 the underlying infrastructure 568 00:38:23,695 --> 00:38:25,787 So, it wants to be the platform on which 569 00:38:25,787 --> 00:38:28,225 all buying and selling happens. 570 00:38:28,225 --> 00:38:29,945 It wants to be basically the interface 571 00:38:29,945 --> 00:38:32,042 between all buyers and sellers. 572 00:38:32,042 --> 00:38:36,839 It is a major part of the cloud, 573 00:38:36,839 --> 00:38:39,795 Amazon Web Services controls about a third 574 00:38:39,795 --> 00:38:41,975 of the world's cloud computing capacity. 575 00:38:41,975 --> 00:38:43,695 And increasingly it's moving 576 00:38:43,695 --> 00:38:46,027 into shipping and package delivery. 577 00:38:46,027 --> 00:38:50,225 There isn't anything in history 578 00:38:50,225 --> 00:38:52,701 It's completely a new thing. 579 00:38:52,701 --> 00:38:55,415 We've never really encountered 580 00:38:55,415 --> 00:38:57,723 But you can think about it 581 00:38:57,723 --> 00:39:00,987 in the sense that that's 582 00:39:00,987 --> 00:39:03,387 and lots of other companies 583 00:39:03,387 --> 00:39:06,105 in order to get to market. 584 00:39:06,105 --> 00:39:08,355 That's an incredibly powerful position. 585 00:39:08,355 --> 00:39:11,243 I don't think Amazon 586 00:39:11,243 --> 00:39:13,955 that could potentially challenge it. 587 00:39:13,955 --> 00:39:15,815 I think the only thing 588 00:39:15,815 --> 00:39:18,658 today would be government intervention. 589 00:39:19,515 --> 00:39:20,725 Aware of the risk, 590 00:39:20,725 --> 00:39:22,585 Amazon is increasingly nurturing 591 00:39:22,585 --> 00:39:24,358 its relationships with governments. 592 00:39:25,335 --> 00:39:29,435 In 17 years, its lobbying 593 00:39:29,435 --> 00:39:30,645 In the United States, 594 00:39:30,645 --> 00:39:34,425 they've gone from 595 00:39:34,425 --> 00:39:37,595 to $13 million in 2017. 596 00:39:37,595 --> 00:39:40,998 In Europe alone, they add up 597 00:39:53,055 --> 00:39:55,025 Will Jeff Bezos use this money 598 00:39:55,025 --> 00:39:57,338 to counter a less than 599 00:39:58,905 --> 00:40:01,466 In 2017, for the first time, 600 00:40:01,466 --> 00:40:04,885 the European Commission 601 00:40:04,885 --> 00:40:08,025 Margaret Vestager, European 602 00:40:08,025 --> 00:40:10,638 sanctioned Amazon for 603 00:40:14,106 --> 00:40:17,321 The Commission has 604 00:40:17,321 --> 00:40:22,321 that Amazon's tax benefits are illegal 605 00:40:22,935 --> 00:40:24,938 under EU state aid rules. 606 00:40:25,825 --> 00:40:28,555 A tax ruling granted by Luxembourg 607 00:40:28,555 --> 00:40:33,555 has reduced Amazon's tax 608 00:40:33,925 --> 00:40:38,778 between May 2006 and June 2014. 609 00:40:39,685 --> 00:40:42,302 It was not justified. 610 00:40:42,302 --> 00:40:46,455 Amazon now has to repay the tax benefit 611 00:40:46,455 --> 00:40:51,455 worth around $250 million 612 00:40:53,045 --> 00:40:55,285 Amazon paid the $250 million 613 00:40:55,285 --> 00:40:57,168 but Luxembourg appealed the decision. 614 00:40:58,285 --> 00:41:00,823 Not all states endorsed the 615 00:41:00,823 --> 00:41:02,665 Nor do they all support other 616 00:41:02,665 --> 00:41:04,818 measures that promote tax fairness. 617 00:41:09,325 --> 00:41:10,875 The thing with Amazon, 618 00:41:10,875 --> 00:41:12,635 and we know that from the tax case, 619 00:41:12,635 --> 00:41:14,762 is that you don't necessarily make profits 620 00:41:14,762 --> 00:41:17,425 but you create value. 621 00:41:17,425 --> 00:41:19,945 So, you create value 622 00:41:19,945 --> 00:41:22,021 but you don't make 623 00:41:22,021 --> 00:41:25,601 So, people make money by 624 00:41:25,601 --> 00:41:28,863 instead of making money by having a profit 625 00:41:28,863 --> 00:41:31,938 coming out of the business itself. 626 00:41:32,895 --> 00:41:37,895 And one of the reasons why we're so eager 627 00:41:38,125 --> 00:41:41,903 also to have a sort of broad 628 00:41:41,903 --> 00:41:44,847 is to make sure that we get it right 629 00:41:44,847 --> 00:41:49,226 because digital companies on 630 00:41:49,226 --> 00:41:54,226 where ordinary businesses 631 00:41:56,245 --> 00:41:58,575 Europe is trying 632 00:41:58,575 --> 00:42:01,848 that specifically 633 00:42:03,485 --> 00:42:04,865 This new tax would levy 634 00:42:04,865 --> 00:42:07,205 their revenues and not their profits 635 00:42:07,205 --> 00:42:09,505 since these web giants usually store away 636 00:42:09,505 --> 00:42:12,078 their profits in countries 637 00:42:15,355 --> 00:42:18,238 France is alone in 638 00:42:21,525 --> 00:42:24,225 We have all had a wake 639 00:42:24,225 --> 00:42:26,005 yes, technology is fascinating 640 00:42:26,005 --> 00:42:30,115 and it produces great 641 00:42:30,115 --> 00:42:33,485 but there's a bad side to everything. 642 00:42:33,485 --> 00:42:35,435 There's a threat to our democracy, 643 00:42:35,435 --> 00:42:37,585 there's a threat to 644 00:42:37,585 --> 00:42:39,645 there's a threat for us as consumers 645 00:42:39,645 --> 00:42:41,765 to be respected in the marketplace. 646 00:42:41,765 --> 00:42:43,668 We need to get in control of that. 647 00:42:48,635 --> 00:42:49,955 So, here it is. 648 00:42:49,955 --> 00:42:52,175 The world according to Amazon. 649 00:42:52,175 --> 00:42:54,022 A world where a single company controls 650 00:42:54,022 --> 00:42:57,164 the distribution of 651 00:42:57,164 --> 00:42:59,688 the infrastructure of our economy. 652 00:43:04,655 --> 00:43:06,181 When I'm buying stuff on Amazon 653 00:43:06,181 --> 00:43:08,775 or receiving packages or have 654 00:43:08,775 --> 00:43:11,585 I'm like, yes, awesome. 655 00:43:11,585 --> 00:43:15,335 Man, that's a great thing that we built. 656 00:43:15,335 --> 00:43:19,138 But as I said, if I put on my 657 00:43:20,865 --> 00:43:23,645 then I'm a lot more questioning 658 00:43:23,645 --> 00:43:25,635 of whether I really 659 00:43:25,635 --> 00:43:29,645 I think most of the time I feel 660 00:43:29,645 --> 00:43:32,854 That I helped to create 661 00:43:32,854 --> 00:43:36,642 turn out to really be a 662 00:43:41,552 --> 00:43:44,355 The issue is who shapes 663 00:43:44,355 --> 00:43:47,286 Is it us or is it Amazon? 664 00:43:47,286 --> 00:43:48,286 That's the question. 665 00:43:51,635 --> 00:43:53,484 On the 666 00:43:53,484 --> 00:43:55,968 that question has already been answered. 667 00:44:03,655 --> 00:44:05,965 Here Amazon is already imposing 668 00:44:05,965 --> 00:44:07,898 its vision of the world of tomorrow. 669 00:44:12,395 --> 00:44:14,550 At first glance, it's an ideal world. 670 00:44:14,550 --> 00:44:16,965 The company's headquarters are located 671 00:44:16,965 --> 00:44:18,535 in this building called Day 1. 672 00:44:23,705 --> 00:44:27,538 At its feet, the brand new 673 00:44:28,635 --> 00:44:31,355 A series of glass balls sheltering rare 674 00:44:31,355 --> 00:44:34,905 tropical plants like a biotube 2.0, 675 00:44:34,905 --> 00:44:36,795 where Amazon employees come to work 676 00:44:36,795 --> 00:44:39,188 in harmony with a domesticated nature. 677 00:44:46,155 --> 00:44:48,615 In total, 20% of Seattle's downtown 678 00:44:48,615 --> 00:44:50,738 area is occupied by Amazon. 679 00:45:00,565 --> 00:45:02,448 In the last eight years, 680 00:45:02,448 --> 00:45:04,535 40,000 new executives 681 00:45:04,535 --> 00:45:06,938 have joined the ranks 682 00:45:09,695 --> 00:45:11,691 Often young and very well paid, 683 00:45:11,691 --> 00:45:14,795 they can take full advantage 684 00:45:14,795 --> 00:45:18,058 and can preview much of 685 00:45:21,415 --> 00:45:24,508 Lockers where you can pick 686 00:45:28,575 --> 00:45:32,708 Or Amazon Go supermarkets 687 00:45:33,785 --> 00:45:35,905 Customers enter with their smartphone 688 00:45:35,905 --> 00:45:38,498 and a computer automatically 689 00:45:43,814 --> 00:45:45,855 To welcome these newcomers, 690 00:45:45,855 --> 00:45:47,598 are constantly being constructed. 691 00:45:49,045 --> 00:45:50,155 Thanks to Amazon, 692 00:45:50,155 --> 00:45:52,035 Seattle has become a favorite city 693 00:45:52,035 --> 00:45:53,898 for the American executive class. 694 00:46:00,925 --> 00:46:04,308 But at night, Seattle becomes 695 00:46:11,555 --> 00:46:13,415 Since Amazon's arrival with 696 00:46:13,415 --> 00:46:15,855 its numerous hires of senior executives, 697 00:46:15,855 --> 00:46:19,228 rents in Seattle have been 698 00:46:23,855 --> 00:46:26,128 The poorest can no longer find housing 699 00:46:26,128 --> 00:46:27,738 even if they have a job. 700 00:46:33,855 --> 00:46:38,738 Here 30% of the homeless 701 00:46:49,255 --> 00:46:52,075 At City Hall, Seattle's 702 00:46:52,075 --> 00:46:55,848 Theresa Mosqueda made housing 703 00:47:02,865 --> 00:47:06,064 We saw about a 600% 704 00:47:06,064 --> 00:47:08,345 and we saw twice the amount of people 705 00:47:08,345 --> 00:47:10,955 who are living in RVS become homeless. 706 00:47:10,955 --> 00:47:12,205 That number is immense. 707 00:47:12,205 --> 00:47:14,155 You can see the crisis of poverty 708 00:47:14,155 --> 00:47:15,875 and homelessness on the street. 709 00:47:15,875 --> 00:47:17,575 However, here in Seattle we have 710 00:47:17,575 --> 00:47:19,985 a higher rate of homelessness per capita 711 00:47:19,985 --> 00:47:23,365 than cities like Los Angeles 712 00:47:23,365 --> 00:47:25,225 and it's imperative that we do something. 713 00:47:25,225 --> 00:47:26,325 We have a thousand people who 714 00:47:26,325 --> 00:47:28,275 are moving to this region a week 715 00:47:28,275 --> 00:47:30,275 which means if we're not building housing, 716 00:47:30,275 --> 00:47:31,965 the cost of housing increases. 717 00:47:31,965 --> 00:47:33,915 People who were in otherwise affordable 718 00:47:33,915 --> 00:47:36,155 rental units really have nowhere to go. 719 00:47:36,155 --> 00:47:37,615 They are falling into the street 720 00:47:37,615 --> 00:47:39,905 or they are getting displaced 721 00:47:39,905 --> 00:47:43,145 Spring 2018, 722 00:47:43,145 --> 00:47:44,905 the creation of a new tax. 723 00:47:44,905 --> 00:47:47,686 The biggest companies in 724 00:47:47,686 --> 00:47:51,545 will have to pay $500 725 00:47:51,545 --> 00:47:54,715 in order to finance the 726 00:47:54,715 --> 00:47:57,295 We had initially proposed a tax that 727 00:47:57,295 --> 00:47:59,645 would have brought in $75 million a year 728 00:47:59,645 --> 00:48:02,845 which is a drop in the bucket 729 00:48:02,845 --> 00:48:05,611 We ended up with $47 million per year 730 00:48:05,611 --> 00:48:08,535 which Amazon agreed to. 731 00:48:08,535 --> 00:48:13,535 The proposal was passed unanimously, 732 00:48:13,815 --> 00:48:17,165 unanimously by the council 733 00:48:17,165 --> 00:48:20,416 Within 24 hours of Amazon agreeing 734 00:48:20,416 --> 00:48:25,416 to that amount of taxing each 735 00:48:30,315 --> 00:48:32,566 for five years for just 736 00:48:32,566 --> 00:48:34,475 after they agreed to that, 737 00:48:34,475 --> 00:48:36,584 within 24 hours they changed their mind, 738 00:48:36,584 --> 00:48:38,365 they funded the opposition 739 00:48:38,365 --> 00:48:39,995 and ran a campaign to undermine it. 740 00:48:39,995 --> 00:48:41,985 No head tax! 741 00:48:41,985 --> 00:48:43,344 No head tax! 742 00:48:43,344 --> 00:48:45,495 No head tax! 743 00:48:45,495 --> 00:48:47,505 Amazon 744 00:48:47,505 --> 00:48:49,348 to push back on City Council. 745 00:48:51,030 --> 00:48:53,395 Seattle was divided. 746 00:48:53,395 --> 00:48:55,715 To counter the multinationals campaign, 747 00:48:55,715 --> 00:48:58,328 citizens mobilized for social justice. 748 00:49:06,605 --> 00:49:08,905 Amazon won 749 00:49:10,285 --> 00:49:14,025 Its petition gathered 750 00:49:14,025 --> 00:49:15,877 On June 12th, 2018, 751 00:49:15,877 --> 00:49:19,185 the Seattle City Council 752 00:49:19,185 --> 00:49:21,978 on the tax in front of 753 00:49:32,921 --> 00:49:33,754 Red against green. 754 00:49:33,754 --> 00:49:35,828 Pro-tax against anti-tax. 755 00:49:38,841 --> 00:49:40,805 Quickly the City Council voted 756 00:49:40,805 --> 00:49:43,065 to reverse its new taxation policy. 757 00:49:43,065 --> 00:49:44,768 Juarez vote for aye. 758 00:49:45,715 --> 00:49:47,235 Only two Council members, 759 00:49:47,235 --> 00:49:48,745 including Theresa Mosqueda, 760 00:49:48,745 --> 00:49:51,125 voted against the repeal of the tax. 761 00:49:51,125 --> 00:49:53,145 Mosqueda vote for nay. 762 00:49:53,145 --> 00:49:54,975 O'Brien vote for aye. 763 00:49:54,975 --> 00:49:58,558 Seven in favor, two opposed. 764 00:50:01,975 --> 00:50:04,725 So, the bill passes 765 00:50:10,055 --> 00:50:12,215 Three months 766 00:50:12,215 --> 00:50:14,288 the launching of his own housing policy. 767 00:50:18,185 --> 00:50:21,215 A two billion dollar private fund to help 768 00:50:21,215 --> 00:50:23,315 poorly housed families across the country. 769 00:50:25,265 --> 00:50:27,495 I want to make sure that 770 00:50:27,495 --> 00:50:30,695 by those who were elected 771 00:50:30,695 --> 00:50:34,175 not by the whims of one 772 00:50:34,175 --> 00:50:36,375 who on one day decides to donate money. 773 00:50:36,375 --> 00:50:38,055 I think it's a real warning signal 774 00:50:38,055 --> 00:50:40,257 to the entire country that we have got 775 00:50:40,257 --> 00:50:43,458 to be able to govern and 776 00:50:43,458 --> 00:50:45,375 to make sure that our most vulnerable 777 00:50:45,375 --> 00:50:47,625 are being protected and invested in. 778 00:50:47,625 --> 00:50:50,015 We need public policy to be passed 779 00:50:50,015 --> 00:50:51,915 by those who've been elected to do so. 780 00:51:05,935 --> 00:51:07,355 Every night in Seattle, 781 00:51:07,355 --> 00:51:10,576 City Hall opens its doors 782 00:51:10,576 --> 00:51:14,768 on the floor to those who 50206

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