Sunday, April 24, 2022

Fulfillment: Winning and Losing in One-Click America


2 comments:

STACY MITCHELL said...

There are countless ways to measure Amazon’s hold on American life. More people in the U.S. subscribe to its Prime service than voted for either Donald Trump or Joe Biden in the past election: more than 100 million, by recent estimates. Amazon reaps fully half of what people in this country spend online. It is the second-biggest private workplace in the United States, after Walmart, employing more than 800,000 people, most of whom will never set foot in the Seattle headquarters’ plant spheres. Among Amazon’s large Arizona-based workforce, most of it inside warehouses, one in three people was on the federal Supplemental Nutrition Assistance Program in 2017. Incidentally, Amazon, along with Walmart, has been one of the biggest beneficiaries of an arrangement that allows food stamps to be used for online groceries, bringing in large amounts of government money. Bezos, Amazon’s CEO, is the richest person alive.

As MacGillis notes, understanding how a single corporation became so widely and deeply entrenched requires historical perspective. Starting in the late 1970s, federal regulations governing business consolidation were loosened, and antitrust enforcement waned. Predictably, a growing share of corporate wealth began flowing to a small number of firms and, in turn, people. The rise of the internet in the 2000s accelerated the process in ways we’re by now familiar with, and a handful of companies—Google, Facebook, Apple, and Amazon, in particular—came to dominate large swaths of economic life. What MacGillis feels is underappreciated is the geographical remapping of wealth—and, with it, power—that the transformation has brought about.

Judith Butler said...

Capitalism is reinstating itself in our times, stronger than ever.