Is Amazon Too Big?
Vložit
- čas přidán 28. 04. 2019
- First 200 get 20% annual premium membership of Brilliant: brilliant.org/Polymatter
Patreon: / polymatter
Twitter: / polymatters
Pins & T-Shirts: standard.tv/collections/polym...
Reddit: / polymatter
This includes a paid sponsorship which had no part in the writing, editing, or production of the rest of the video.
Music by Epidemic Sound: epidemicsound.com
Full list of sources: pastebin.com/FjEFnM4F
Apologies for the worse audio quality, had to record in a hotel.
We love you!
should've used Amazon to buy new recording software
Can't even tell it
Didn't even notice. Way better than average video, really informative, thanks.
I only noticed the.. tapping? My laptop fans are having issues and I kept thinking that was them getting worse >.>
Would've been kinda ironic if this was sponsored by Audible
hahahahah
Hahahahah
It is
Lmao 😂
Why?
When I heard him say "what does cloud storage have to do with selling grapes?" for a second, I was sure he was going to try to sell me a Skillshare subscription. Traumatized by sponsored content.
LOL, sponsorship era
How tf do people not have ad/sponsorblock in 2021? havent seen an ad or sponsored message on YT in years
@@aespa690 cuz in a lot of videos their ads are a part of the actual video.
@@AlphaZGaming That's what sponsorblock is for. It skips segments of the actual video.
Damn
Brazil: Yes, The Amazon is too big, we must destroy it
when Brazil copies the American government
ah yes, it's definitely Bolsonaro himself that is burning down the Amazom, certainly. shut the fuck up, boomer
Primaski Why is destruction your only solution? It won't create any competition or make prices any lower for consumers. You socialists always have the same "solution:" tear everything down and replace it with government.
@@GaryR55 I... what? Literally what the heck are you talking about, boomer, this had nothing to do with my tongue-in-cheek comment. And by the way, Brazil's government is the polar opposite of socialist...
Why does politics come into everything?
Is Amazon too big?
*Clicks*
Amazon ad in beginning of video
What amazon product was the add I’ve gotten kindle audible and prime video ads
Same here...
I didnt get any ad this time
@@nevergonnarickrollyou9072 yeah they were really popular in 2020
Use yt vanced
Edit: not for ios users😅
In 2020:
*Prime water*
Knowing amazon it would be 1/3 the price of tap water.
Who said there'll be water in 2020?
Sander NineNine AmazonBasics water
Lapa includes free shipping with AmazonPrime
Amazon running utilities would actually be pretty cool lol
Speaking of Facebook their actual site has fallen out of relevancy. Facebook is full of old people while instagram has all the young people. Luckily, _they own Instagram_
Ryde Mk / Not sure Instagram is still relevant compared to Snapchat though.
@ they will own that too eventually. and as with the nature of all social media, it'll fall out of the public's favour sadly.
@ Really though Facebook and instagram support celebrities and businesses rather than being a social media app intended soley for use between friends. They are more likely to last at that point and make the company more money because they are for businesses more than individuals.
@ Instagram is so much more relevant than snapchat
@@sdawsonz tweenagers think the world revolves around them
Ironically Whole Foods is owned by Amazon
And Amazon is loosing money there
Jon M but, like in the video mentioned, AWS and other resources Amazon has even out the losses of whole foods. Amazon is in the long, long, LONG game with whole foods
@@Jay_Script sometimes that long...long..LONG..game simply doesn't mean anything.
Why Charlie Munger and Warren Buffett has bought Costco shares and not Amazon's??
To think the same government who allows tax payer money (via food stamps) to subsidize Amazon not paying (at least some) employees enough to live, and, remarkably shocking, did not block the sale of Whole Foods ... interesting?
@@jonm4501 not as long as privileged millennials keep shopping there so they can make their avocado toasts....
100 years later: Spotifian Empire has declared war on the Apple Empire. The Sprintian Empire has formed an alliance with T-Mobilia.
In order to ensure our security and continuing stability, Amazon will be reorganised into the first Amazon empire ! - Jeff Bezos last words
Lmfao the real “tech wars”
Underrated comment
War is peace. Freedom is slavery.
Republic of Microsoft is neutral
"didn't you quite your job, become a lawyer, and read our 3,000 page TOS" LOL
I was shocked at first by his statement like why tf is he talking crazy. Then realized it was joke.
I loled at that too 😂
Amazon is not big enough until I get 1 second shipping.
They'll use AI to predict what you'll buy and when you'd buy, and ship them before you even ordered them.
@@satrioekowicaksono7452 they're making many robots to deliver their stuff after treating their employees like robots they get replaced by actual robots
LMAO
They aren’t big enough until I can order a rock from the moon. ‘Fresh’ one ofc.
mode rizhaan this statement is wrong, they have their workers working 40 hours a week for about 15 dollars and hour. The workers are then whining because they are only making $15 but what they don’t care to realize is that is more money than half of the country makes
The whole time I was watching this I was thinking about Yamaha. Is there anything more drastically different than classical instruments and motorcycles?
Both are fine tuned machines that allow people to express themselves and gain enjoyment from their use. Maybe you have never ridden a motorcycle, or learned to play a music instrument. Lol.
@@RandomClipsForFutureMe Plus the notes my little RD400 made were like music on the freeway!
Smart watches and heavy military industry?
and why the phuck was you thinking about....
My Mama?!
oh, my bad.... need new glasses, you typed Obama. What's yo issue wit Barack ?! : )
Lol. I just pictured someone playing beethoven while speeding on a motor bike.
Guy in the Lorax: I’m going to sell air
Jeff Bezos: WRITE THAT DOWN WRITE THAT DOWN
Jeff actually donated money to help the environment and further research climate change.....
ALLOICIOUS O’HARE
@@willn8664 « but guys, every thing a billionaire does is for a tax write off »
I really want to protect my Alexa from the things Polymatter is saying but it's already listening in on the video
I literally smashed my Alexa to pieces just to watch this in peace
Headphones?
Yeah, Alexa is fun if you want the goverment see and hear all you do or think.
eeeee... *Information aquired*
eeeee... eeee... *threat detected*...
eee. eeee. eeeee. *Eliminate humans*
This is how it starts
Alexa!!! Go make me a sandwich.
10:10 - “Hey, didn’t you quit your job, become a lawyer and read our 3,000 page terms of service” 😂😂😂
No
*NEVER*
Ron Burgundy lol 😂😂
it just wasn’t that funny
@@OfficialYeat no matter your take. there's a good point to that statement
lets dig up and reanimate Teddy Roosevelt and get him back to trust busting.
The most Chad president ever
He literally showed what Warren was thinking (same ideas as teddy economically)
Naruto style or full metal alchemist style?
gigachad roosevelt
He can reanimate himself he's just waiting for the right moment
This reminds me of the era of Rockafeller and the like with top down integration. Owning the railroad and the coal mine and the iron smelting, etc etc.
It seems that a broader interpretation of the laws that broke up those companies could be applied to tech companies today
This reminds me of the era of Putin and the like with top down integration. Owning the railroad and the coal mine and the iron smelting, and the U.S. President, etc etc.
We need to broke up telecom companies first then tech giants.
The government intervention laws single handily saved many of our American ancestors livelihoods. Yes too much intervention isn’t great, but it sure as hell did save a lot of us. I think this would be a pretty good idea for tech companies, we are told these monopolies make our lives easier, which it might, but if it hasn’t yet, it will come at a big price tag and we won’t have anywhere else to go soon
@Stevospeedo I'm not a big fan of our president, but badmouthing other people's culture isn't what you should be doing
well top down has more to do with carnegie, rockafeller just undercut all the people that he could outlast because he had more money and ended up buying them out then raising the prices
Amazon Is getting bigger
while the Amazon Jungle is getting smaller
and?
And the population around the world is increasing. Amazon isn't the only one shrinking. There's lots of nations that had a ton of forest cover just evaporated due to population growth.
omg this is so sad, Alexa play Darude - Sandstorm
@@livingroomset2084 The air in your lungs aren't coming out of nowhere my friend.
@@livingroomset2084 your ignorance will be your downfall
Amazon will become Buy n Large from WALL-E
And Samsung is E-Corp
LMFAO bro ive been saying the same thing
Yep
remember back when that movie first came out we said it was Wal-Mart? Good times
buy N large is literally in every pixel movie not just wall-e even in cars movie with no humans around lol
2019 Amazon: 50% off amazon prime now!
2025 Amazon: 50% of AmaAir now!
2035 Amazon: 50% off flights to the Moon!
2045 Amazon: 50% off homes on Mars!
Blue Origin is the best part of Bezos's fortune
Would that be their branded airline..... or will we be able to save on their oxygen canisters.
They do have plans to own the air we breathe !
@@oneflowerninjamagic1912 *The Lorax has entered the chat*
jakebuilds I was about to say Ohair Air
@@oneflowerninjamagic1912 im gonna make my own damn air
Bezos: *richest man on earth
*Divorces wife
Ex-Wife becomes 4th richest woman on earth
Bezos: still richest man on earth
Does that answer your question "Amazon too big?"
Well, the guy obviously worked to get all that money. It's not like he just randomly found it on the streets or stole if out of the pockets of the poor 9-5 working class.
@@MrOPD Except once you hit a certain level of wealth, you DON'T work for it. You literally just hire someone else to do the actual business side of things FOR you while you just go to board meetings. These people are not working any harder than the average office middle-manager at that point. The heavy-lifting, be it literal or mental, is simply done by someone else on your payroll. And yes, this means that this system gets perpetuated as your kids are born into wealth and can be completely incompetent while the company does fine.
@@MrOPD Did he not? All those underpaid workers he hires.
Hjernespreng if you can build an empire and have it run itself then you deserve the earnings haha.
maybe you should then work for a month for amazon if you think that they dont steal from their workers
*Is Amazon too big
Amazon: I am inevitable
It would be funny if it wasn't true
That Guy Again Yeah, if u look at all the products apple are making now to do with smart homes etc
"And I am Iron Man"
@@littlefatguybombs9228 F
Well, I'm not iron man
Ironically, Amazon now owns Whole Foods.
So instead of Whole Foods being Whole Paycheck, all of Amazon is Whole Paycheck now?
You mean Jeff Bezos own Whole Foods
@@heidirabenau511 no
Kinda scared that Amazon will become like Buy 'n Large in Wall-E
Lydz_the_cat I’m from the feature and I came to tell you it’s too late
Stolen comment
@@serhiy-serhiiv Lydz_the_cat literally said they're scared of this thing happening- there is no point in saying that if you aren't actually scared.
look at rockefeller back then. Its gonna go out of favour in 30 years. All big companies that grow too big to be properly managed does.
Jeff Bezos already stepped down. Company is gonna stagnate. Gonna go the route of IBM sooner or later.
Can't wait for -Buy n Large- _Amazon_ to take over this universe too
Lol
Not before Apple does. 😜
@@ErasmusGAsare fanboy war begins
@@crab4_
#Bringiton
bitch please Disney
Ah yes, I have always dreamt of the Engel Curve as a child.
Who doesn’t?
I don't even know what the f an Engel Curve is. xD
r/woosh
@@roninbayacal7857 r/ihavereddit
@@roninbayacal7857 Who are you wooshing?
"If you are willing to give up freedom for security, then you do not deserve either," Benjamin Franklin
True lulw
Counterpoint. Freedom isn't very useful to you if you're dead.
@@tahnoon69 Look up the chance to be killed in a terrorist attack. Almost EVERYTHING in the world is more likely to kill you.
@@James_Wisniewski If you're not willing to die for freedom, you don't deserve it
He actually wrote: "those who would give up essential liberty to purchase a little temporary safety deserve neither liberty nor safety." He was writing about a tax dispute between the Pennsylvania General Assembly and the family of the Penns. It is a quotation that defends the authority of a legislature to govern in the interests of collective security. It means, in context, not quite the opposite of what it's almost always quoted as saying but much closer to the opposite than to the thing that people think it means.
“Bits don’t cost money”
Twitch: am I a joke to you?
*amazon owns twitch
HJ Productions lmao oh yea they do
That's why it's logo has an arrow that connects a and z, it not only sells everything between a and z, but it also controls everything between a to z
(except in China where they only do barely well in "a" for aws)
野龍 the Chinese market is pretty rigged though. The rest of the world should play by the same rules and block Huawei, Lenovo, Alibaba and the likes from operating unless their international counterparts are given equivalent operational freedom in China.
@@bigdrill8881 it's no use though, the US already banned Chinese companies like Huawei for example, but China has a population of 1.4 billion people, and many big companies get national funding when they start going under, which is why Tencent's QQ and WeChat is so big without much people from Western countries who use them.
This is also why the states were having a trade war with China, because their companies and policies are interfering with American business
@@bigdrill8881 Your argument might be valid when we are talking about Google or Microsoft (due to, for example, Aliyun, which is part of Alibaba, is being used for some national infrastructure as well, while Microsoft has to get another company to run Azure for them in China), but if we are talking about specifically the shopping side of Amazon, it's pretty much outdated for years in China now, and thus it doesn't even matter whether they got equal freedom or not.
Also, I'd say the willingness of these companies treating the Chinese market as an important one is way more important than their freedom of doing business in China. Of course foreign companies won't have the same level of freedom as a local company, but IIRC they still can own 100% of a Chinese company under certain criteria, which means they should be free enough.
And above all, China didn't use anything but set in stone laws and regulations to restrict foreign companies and I suppose any other country should do the same to be fair.
野龍 Good points. Amazon might seem outdated in comparison to the chinese e-commerce giants, but if the legal frameworks were on a, say, European level, I'm sure that they could quite quickly catch up with the market expectations and probably even exceed them given some time. The best thing about it would be that they would actually be competing against some pretty forward-thinking companies, and that's usually when true innovation happens.
I want that "Proud mother of a Safeway shopper" bumper sticker 😂😂😂
Low Prices will always have a Catch, we're just too lazy and shortsighted to see it.
the low prices is too run the competition out of business. And gulliable consumers thinks it's to applease/woo them. Even the dope man will give you enough FREE hits... to bring you into her funnel (feminists want equal ground... there you go ) . Amazon plays the loooong game .
The catch is you cant return anything over 30 days in most cases. 12 month warranties have been almost made void. Read the reviews of people who havr problems with products.
30 Day Returns is a catch? No one should be able to return anything after 30 days.
@@michaeljordan6008
Not even if its faulty? Are you Bezos in disguise. Don't you believe in 12 month warranties. Do you think customers should have any rights at all?
Sukhbir Sekhon - A 12 month warranty is provided by the manufacturer, not Amazon.
Contact the manufacturer of the item to submit a warranty claim.
As an aside, I’m not an Amazon fan. They have ruined the landscape of American retail.
polymatter: a company controlling every aspect of a digital medium from product to apllications and os actually makes it better an more secure
linux: am i joke to you?
The legal definition of "too big" can always be bought.
Unless we, y'know, make the less obvious forms of corruption illegal as well.
@@user-kb8rc5vq2i" I'm getting paid to not listen to you. "
And then you get the phrase "Too Big to Fail" coined when banks get caught breaking laws and jeopardizing our society's stability, precisely so that those banks will not have to be dismantled, reorganized, etc. No, there's too much momentum in this gravy train!! The brake lever broke off 100 mi back down the track.
@@user-kb8rc5vq2i You would have to also somehow convince everyone in government/politics to go agaist the wisdom of pRecEdNt, which they adhere to whenever it suits their purposes. We have no shot in hell at passing new corruption legislation right now (that doesn't actually end up being a way to make it easier to be corrupt somehow; never trust legislative headings). The double speak manipulating people these days is so advanced that folks think doublespeakers are dumb and ignore their absurdity because they are clearly developmentally challenged.... Heads up, they're not. They're clever actors who know how to obvuscate responsibility and culpability.
@@francismuir9313
"The double speak manipulating people these days is so advanced that folks think doublespeakers are dumb and ignore their absurdity because they are clearly developmentally challenged.... Heads up, they're not. They're clever actors who know how to obfuscate responsibility and culpability."
- Is this like when someone pretends to be bad at a chore, or does it badly on purpose so they don't have to do it, but with government? Or more generally, is this like when people pretend to be bad at something or do it badly on purpose so that someone else expecting them to do the thing will give up on trying to hold them accountable to fulfilling that thing?
I LOVE the little details like the "Tim Apple" on the credit card!! xD 11:13
Jeff Amazon probably found it funny too.
And the Chinese license plate at 2:36
"facebook or literally everyone else" -Polymatter 2019
That is indeed what he said
It’s true tho ...
Life: How much profit do you want
Amazon: Well, Yes but actually no
Amazon being a publicly traded company is about the founder and CEO being rich? What does this have to do with Amazon actually having a profit?
5:15 "one hundred PBs or one hundred thousand GBs"
I think you lost 3 zeros there, it should either be one hundred thousand TBs or one hundred million GBs, just like the animation in the background told you ;)
And the subtitles
Who fucking cares?!
Your wrong... and the animation... and the commentator is also wrong. 1 petabyte is a million GB.
@@AArrad the video mentioned 100 Petabytes, not one.
Arrad You’re wrong, you said “your” when you should have said “you’re“ and the animation has the correct number of zeros. 1,000,000 GB is 1PB 100 PB is 100,000,000GB so the animation is correct while the commentary is not.
PolyMatter : is Amazon too big?
Amazon : whatever it takes
Kroger: Did you do it?
AWS came directly from the overcapacity Amazon had to build to handle Christmass shopping season. So, actually it did have quite a bit to do with the retail store.
Not a defense of Amazon, but an interesting detail worth getting correct.
Travis Collier it’s cute that you genuinely believe that.
@@Entrantress I'm old enough to remember AWS getting setup. About 1/2 of my friends from college moved up to the Bay Area after graduating in the late 90s.
Travis Collier not questioning your age. I’m just saying believing that is an underestimation if a company that has historically been about long game. It’s the equivalent of saying, well they just always wanted to be a book store. I’m basically calling you naive. Even though you are factually correct that that was a statement that was made.
@@Entrantress They've always had plans for retail dominance, but from everything I heard, cloud hosting was a lucky/clever fluke.
It isn't about my age really. It is about the fact that I know folks who used AWS in those very early days when Amazon was trying to see if there was any demand at all for their extra capacity (as well as folks building out and maintaining the server farms).
Don't give them too much credit ;)
Travis Collier let’s agree to disagree then. I see your point though.
waiting for the glorious day when we humble servants can fully pledge our allegiance to the United Amazon of Disney
"United Amazon of Disney" lmao
I really love how both sides of this argument are concisely summarized and how emphasis is placed on the fact that there is no one simple answer to a really complicated problem with multiple facets...we need real teamwork worldwide to solve this!
-I totally agree. Amazon is getting out of control- This comment was removed by Alexa Automatic Comment Filtering™
Sweots Honestly I won’t be surprised if that really happened lol
Hey now, you don't want to be apprehended by the Amazon State Store Security © and volunteer in a 10-year house helpers ™ subscription, do you?
L̶o̶l̶ ̶n̶i̶c̶e̶ ̶t̶r̶y̶ ̶i̶d̶i̶o̶t̶,̶ ̶e̶v̶e̶r̶y̶o̶n̶e̶ ̶k̶n̶o̶w̶s̶ ̶t̶h̶e̶ ̶r̶e̶a̶l̶ ̶e̶n̶e̶m̶y̶ ̶i̶s̶ ̶G̶o̶ This potentially harmful comment was removed by Google Comment Safety Filtering™
Person: "Alexa, do you do content filtering without my permission when I ask you a question?"
Alexa: ...
Person: "Alexa, can you record my conversations when you are muted?"
Alexa: ...
The secret of your future is hidden in your daily routine. Successful people do daily what the unsuccessful only do occasionally
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose - is the result of hard work and hustle over time
The amount of time you spend believing we can't is more than enough time to learn how you can
@@hannahforex09 yeah! I agree with you
People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now
@@chiragmalhotra7440 that's very correct sir!! And that is why most of them end up losing they money to scammers
I know this is an old video, but the amazon (or big tech in general) problem is a little more complicated than we think imo. If amazon gets split because they sell products they own on their market, then companies like WalMart, Costco, and other markets that carry signature label items would need to get split as well. Companies began carrying their own brand of products well before amazon did, and while they are the largest, if it got broken up, then it sets the precedence that companies shouldn't focus on growth which is the goal of most companies. How big should we get? How much profit is too much profit? I doubt shareholders are thinking that way. But I think the more likely reason I've heard for an Amazon split is the fact that they collect sales metrics from sellers on their platform and then use that data against them by making cheap substitutes to items that are profitable. That is a really dirty tactic and is I'm baffled that that doesn't violate antitrust laws. But something needs to be done about big tech. I'd start with tightening up a lot of the lax internet laws that give them free reign to govern the net, e.g. safe harbor.
Wow. It's incredibly rare to watch videos on economics without having political views shoved down your throat.
I just watched an economics video, and I still can't really tell what PolyMatter's political views are.
Congratulations, sir.
Oh yeah, and great sponsorship segue.
His political views come out quite clearly both at the beginning and end.
polymatter is definetely a new-age anarcho capital-communist despot.... i think
I'm not confident what you mean... from the video economically he's pretty clearly american center-left (which is really more center-right on the whole scale, but thats irrelevant in this context). This is also reflected in the rest of his videos. I think the difference is that his political views are self-evident from what he states, not how he states them (or outright endorsing specific groups or ideology, obviously), which is somewhat uncommon.
lol he sounds like a liberal, you not being able to pick it out is more indicative of your beliefs than anything, and inb4 some fuck comes around conflating leftists with liberals, go away
Economics is not without politics itself. For e.g there is some leftist faction, some kind of non-market ideology, who say economics is entirely made up. I am not even kidding. To them a market does not even have an exchange in their system and for reasons I haven't looked into, they believe that all current economics violates some right they think all people have by default.
Gotta say, this one of your best videos. I found these ideas familiar but you really took it all the way by explaining the relation of amazons destructive no profit force & ability to avoid monopoly rules relates to they gargantuan size and the danger associated with it. I also appreciated that at the end of the video you left it open ended without a solution letting me realize the full complexity of the situation. Big fan, keep it up.
Many "gargantuan size" companies from 50 years ago no longer exist today...
@@thadiussean9133 But there are new ones. The free market is no solution, much like letting the house burn down isn't a solution to a fire breaking out.
@@JanVerny Letting the house burn means it won't spread out to other houses, It's a viable solution just like letting a business collapse is better than putting it in government life support where it will suck taxpayers money and be a burden on the economy as a whole. **Cough** **Cough** *2008 bailouts* **Cough** **cough**
The segways that this guy makes between videos and sponsor ads are absolutely top notch. I even watch the whole thing to give him props.
Got an ad before this saying “do you want amazon to pay your insurance” or something. The irony.
same lol
aquafire same
i will be happy when amazon materializes packages into my house.
Sprague Wilson you will never be happy
Love your vids, they are so informative and concise. Keep up the great work!
Imagine being fired from amazon for breaking your foot. Real reason.
They want now , amazon helps workers out now and put them on leave of absence, with short term disability til you get better and if still hurt they put you in the office room to work on the computer tasks for them , they try hard to keep you around because everybody is quitting amazon since Covid started
Your ad transitions are so smooth it’s scary 😂
The problem with the 'Break Up Tech' argument is that they're big players in a very, very small pond. I'm really unsure of how you argue that Amazon needs to be dismantled when Wal-mart is five times its size. The other problem is none of these companies possess the qualities any economist or regulator would use to define a monopoly. In particular, lack of competition. Every monopoly relies on high barriers to entry which prevent competitors from invading their niche. So if Google is a monopoly, then what is Bing, or Yahoo, or DuckDuckGo? If Amazon is a monopoly, what's Rakuten or Alibaba? On the internet, the competition is literally just a click away. Also, if these companies have monopolies, where are the associated rises in pricing that come with it?
These 'regulatory' actoins aren't customer protection, it's *lobbyist* protection. It doesn't protect Amazon's customers, or Apple's customers, or Google's customers. It protects the moribund, technologically illiterate companies they're beating in the marketplace. And Facebook's users aren't its customers, they're its willing victims.
Man, no one uses bing. I feel like if an employee of bing has a problem, they'd just Google it.
@@TheEndingAbyss And yet, Bing is profitable, making over a billion dollars in quarterly revenue. Look, my point is that alternatives exist. The problem with successful Internet companies is not that they're 'too big', it's that the companies they're hedging out of the market are 'less good'.
@dandanthetaximan Expressed as market capitalization, you're right, Amazon is bigger than Wal-Mart. But Market Cap is, as Keynes put it, 'a beauty contest'. Wal-Mart has a bigger share of the total retail market. The difference is that Amazon's share is growing steadily, and Wal-Mart's share is flat, hence the better stock valuation. After some more research, I'll concede m 5 times remark was inaccurate, based on some dated revenue information I found on the web. In AMZN's revenue for 2018 was reported at $232B, and WMT was $514B. So yeah, they're closing the gap fast.
The mafia wishes it could extort big businesses on a scale the US government can.
I enjoyed your breakdown of the Amazon ecosystem. The fascinating thing about Amazon to me is the way they got to where they are. They didn't have AWS until more recently. The way Bezos got Amazon to that point is by having enough investment to go public and operate at a loss for many years and take advantage of the fact that online purchases were not taxed (vs brick and mortar). Once they got a strong foothold in the market and started making a profit, they were able to start AWS and continue with the low retail prices. Now they no longer lobby against online sales tax which will hurt small online companies as it is difficult for a small business to navigate the tax collection of multiple states, which makes it almost impossible to compete on price and then force many to sell thru Amazon. Then, if you have a successful product, Amazon can choose to cut you out completely.
Since it’s too big I’ll gladly take some of its revenue
the transition was so good i had a heart attack
In Belgium its forbidden for companies to sell products with a loss
Thats why belgium doesn’t have big companies.
America and china have most of them.
@@jasinbiggs7189 having a big company is great. Having a enormous company that can compete with your government isn't.
Nightbot t go move to Europe then.
America is better for making money.
Europe is better for government control.
@@jasinbiggs7189 money that 99.9% of population can't benefit from. You live in a first world country filled with third world citizens.
Nightbot t exactly.
When you randomly reload CZcams and see that PolyMatter posted a new video.
This is where the fun begins...
This is an outstanding video that gives an excellent summary of this complex problem.
AWS sells cloud computing which requires datacenters, meaning it scales with customers
Me: Sees Title
Me: *Laughs in Google*
Polymatter... A channel that's light-years ahead of others.
Very great informative video! But I’ve got to say that ending was awkward LOL
So a quick summary:
Amazon is capable of dominating multiple fields of business because it has the Amazon Web Services (AWS) (which is an on-demand cloud storage service) acting as the main source of profit, making it possible to build new domains without worrying about profit and focusing on providing the best services with the lowest prices, which other companies can't do, since they require/depend-on profit to continue. This helps Amazon grow in size and increases its revenue, without necessarily increasing its profit. This growth in size helps it support its other products using a bigger platform.
Exactly, they have a big a large enough revenue stream that they can join an industry, field any and all expenses, then undercut their competitors and drive them out of business, or buy them.
They've built a freakn truck called Snowmobile which can carry 100PB of data
these laws were applied in India and cercumvented in just 3 days
for megacorporations there are always loopholes and multiple ways with laws being just slow to catchup doesn't help
Great video, man! Your videos are professional as heck, and you deserve more subscribers.
2021: amazon prime oxygen
Editing is spot on as always! I love that you delve into more complex issues rather than skimming the surface of benign topics.
God, I was expecting a segway into some VPN software ad.
*segue
R/wooosh
@@mouou1823 where's the woosh?
@@mouou1823 Please stop. There isn't even any missed joke
When your company was small no body even cared wheather you existed or not. It's sad and shameful to see people trying to put you down when you are successful to a level they cannot comprehend, either with good intentions or just out of pure jealousy!
this is the only guy that can make a 10 minute video about a topic that you can find in a sentence in 30 seconds and make it interesting
the "United States of Amazon" will come.
trust me.
No, it'll be the Galactic Amazonian Empire.
Cool. 1-Click ordering for passports.
And they will start making movies about themselves and call it *AMAZON WARS*
Make Amazon Great Again.
No it wont, you are just naive and overreact. And If Im wrong, i wont know because i’ll be dead by then.. but Amazon are and Will be one hell of an influental company.
Really interesting video my guy! Thanks for making it
Oi Evan how's life
I loved the Mr. Robot reference at 10:50 lmao
obviously, thats why we're setting it on fire
Tim apple credit card... 11:14 polymatter is savage
That exist
It will be unmatched once it gets rid of the human factor
*alexa voice*: human not needed
Jailan Simon which is already doing. Just google all the “seasonal time” employee which many are homeless and living from an amazon contract to another. (1-3months)
Oh no. Using technology to improve warehouse density by over double. So sad. Ban it!
Skynet delivers.
Rugg0064
Don’t ban it, just tax it & have that tax money to go the American People. UBI yang gang!
bruh, with all jeff's money, jeff could at least give employees a pay rise and take a smaller profit margin meaning cheaper for us
Wow. 3 years old yet this is one of the single most balanced analysis of Amazon I've seen. Great job! 100% correct that balance is needed and quick feel good solutions like breaking up companies suddenly would not work well. It's not that they can't be criticized, but that the action taken needs thought not just swift action.
Honestly your videos are my favourite on the whole of CZcams! Such amazing thought and detail goes into everything you do - thanks so much and keep it up :)
You should do a collab with Company Man
Wendover
Business Casual
@@nopers2223322 a video about flights to China?
Brendan that guys a legend
Nope both
What I hate the most is that Sergey and Larry have a minority of Alphabet shares, but a combines supermajority of the vote. They can effectively decide what the world can and cannot see.
Me: Builds up an empire
Public: You can’t do that
You can, but it will fall like ancient Rome.
@@karensmith6074 The roman empire have problem with each CEOs like there is no future... they are just crazy stockholders.. 😅😅
is there anything good about building empires?
@@karensmith6074 Not entirely true, Rome fell because of government incompetency, inefficient spending, increasing debt levels that weren't paid off, mass corruption, invasions because they kept making enemies, lack of sustainability, over expansion without a plan to manage everything properly, and etc. A company can be big but as long as it doesn't do what Rome did in the past, can properly manage itself, doesn't get into debt or pays it off quick, has competent governing in terms of leadership, has efficient and proper systems in place to run things. Then the company will be fine.
*crashes through the ceiling* I heard that you might be in need of my... talents...
The old trust buster
@@tarkfarhen3870 He made a joke. Calm down.
Daway Legit Oh so you hate Teddy Roosevelt the DEAD president? Wow that is just scummy words to a dead president you know what I am so triggered from your comment I am actually pissed wtf dude wow I am so triggered I can’t eat my fucking ice cream now and that’s fucking bullshit buddy get your shit straight NIIIIIIGGGGGGGGGGGGAAAAAAAA
Daway Legit Trust-busting is good for competition. Keep whining about it bitch.
@Daway Legit you seem to have an unbelievably low IQ, just stop talking.
"Is Amazon Too Big?"
imo
Obviously.
imo
That sponsor segue was really smooth.
How long do the video animations take to make? @polymatter
Really good explanation of the issues from different angles. Thank you for presenting it so well without forcing an opinion!!!
Did you take a 17-hour flight because you are making a full-on documentary on China?
0:54 That guy looks serious... like, "After this shift, I'm gonna eat a whole bowl of Cinnamon Toast Crunch."
That sponsorship transition was... brilliant
*Facebook... well... has continued to be Facebook*
Omg that's so funny but so true :'(
*Mark Zuckerberg continues to sip another water
dang, that was a smooth ad transition.
Thank you for the Mr. Robot reference - the ECorp comparison is apt. I'm just waiting for the day that Amazon creates their own banking / investment platform and/or digital wallet.
I mean airlines do this kind of predatory pricing, but to the extreme.
Examples:
Frontier added a route out of American’s fortress hub in Phoenix to Fargo. Brand new service. American catches wind and adds two daily Fargo flights at a severely discounted rate. Both airlines lose money. And once frontier gives up, American is likely to dump the route. However, frontier didn’t establish more market presence in american’s fortress hub.
Another example would be airlines physically not letting other carriers acquire gates at a gate restricted airport. Northwest/Delta would be a good example not letting Southwest into Minneapolis for years.
Anyway, I doubt you’ll see this but I think this would be a great video to watch.
Well the real Amazon is on fire.
And continues on fire.
Tf are we gonna do about it?
The quality of these videos are always so good. Just thought I had to say it, keep up the good work!
1:19 MetroPCS: **sad Metro by T-Mobile noises**
11:18 lol that Tim Apple card 😂