🎧 Should We Break Up Amazon? | Crazy/Genius | The Atlantic

Listened to Should We Break Up Amazon? from Crazy/Genius | The Atlantic

Has the Everything Store become a dangerous monopoly threatening the U.S. economy?

Some time later this year, Amazon could become the first trillion-dollar company in American history. Its valuation has already doubled in the last 14 months to about $800 billion, and Jeff Bezos, its founder and CEO, is officially the richest man on the planet.

There are ways in which Amazon seems to be the greatest company in American history. It’s revolutionized the global shopping experience and expanded into media and hardware, while operating on razor-thin margins that have astonished critics. But some now consider it the modern incarnation of a railroad monopoly, a logistics behemoth using its scale to destroy competition.

So what is Amazon: brilliant, dangerous, or both? That’s the subject of the latest episode of Crazy/Genius, our new podcast on technology and culture.

To build the case for breaking up the Everything Store, I talk to Scott Galloway, a professor of marketing at NYU and an outspoken critic of big tech, and Lina Khan, a researcher at the Open Markets Institute and a leading expert on antitrust policy. Both of them encourage me to see how a company famous for low prices can still behave in an anticompetitive manner. Making the case against heavy regulation for Amazon are Rob Atkinson, the president of the Information Technology and Innovation Foundation, a tech think tank, and Michael Mandel, an economist with the Progressive Policy Institute who researches technology and e-commerce. Both encourage me to focus not only on the hidden costs of Amazon’s largeness, but also on the hidden benefits.

hat tip: Atlantic Interview podcast feed

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📺 “60 Minutes” The Real Power of Google, The Theranos deception, The Spotted Pig | CBS

Watched "60 Minutes" The Real Power of Google, The Theranos deception, The Spotted Pig from cbsnews.com
How did Google get so big; then, the Theranos deception; and, Mario Batali and the Spotted Pig
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👓 Save Barnes & Noble! | New York Times

Read Opinion | Save Barnes & Noble! by David LeonhardtDavid Leonhardt (nytimes.com)
It’s in trouble. And Washington’s flawed antitrust policy is a big reason.

There are some squirrel-ly things that Amazon is managing to get away with, and they’re not all necessarily good.

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📖 Read Loc 261-443 of 6508 of The Master Switch: The Rise and Fall of Information Empires by Tim Wu

📖 Read Loc 261-443 of 6508 of The Master Switch: The Rise and Fall of Information Empires by Tim Wu

The section here on the election of Rutherford B. Hayes as president with significant help by the communication incumbent (Western Union) of the time sounds eerily like the influence which Facebook likely had on the election of Donald J. Trump. The more I read this the more I’m scared and can’t wait for yet another disruption of communication technology.

The Master Switch by Tim Wu

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