Amazon HQ2: The Winner Is…
L2inc.com video above published Feb 8, 2018: What does market failure look like? The sh*tshow circus that is
Amazon's HQ2. Watch to find out which city Prof Galloway thinks will win the contest.
Source:
(4:15): “Take a Tour of Amazon CEO Jeff Bezos’ 5 Giant Homes and Thousands of Acres of Land Across the US,”
BusinessInsider.com, October 2017.
Editor's note:
- Prof Galloway Feb 8, 2018 (video above at 2:46): "Miami a dark-horse here. Why? Because anyone who lives in Seattle probably wants to spend more time in Miami."
Transcript (auto-generated via YouTube.com):
00:00 [Music]
00:01 what does the neon red flag of market
00:04 failure look like it looks like this
00:06 show circus that is hq2 for amazon where
00:11 mayors and municipalities drop their
00:13 drawers trying to prostrate themselves
00:15 to the seattle giant in hopes of them
00:18 choosing their City and detonate a
00:21 prosperity bomb in town square what do
00:23 we have we have 20 cities competing for
00:25 Amazon's second HQ Amazon's worship by
00:29 consumers and investors has resulted in
00:31 a frenzied pitch among municipalities
00:33 that highlights the perversion of our
00:35 nation at the hands of big tech in a
00:37 genius move Amazon has created an
00:39 offline algorithm that pits cities
00:40 against one another occupies the
00:43 headlines of almost every major
00:44 newspaper and news program while soaking
00:48 taxpayers let's be clear this is a
00:50 zero-sum game every dollar the Toronto
00:53 puts up in terms of a subsidy or a tax
00:55 credit is taking money out of the hides
00:57 of school districts and Fire
00:59 Department's in another city this is
01:01 just plain gross so let's start the
01:04 competition let's see who wins
01:07 Amazon HQ to
01:09 [Music]
01:13 all right so here we go Amazon HQ to
01:17 Circus Nashville Tennessee a super cool
01:21 place great for young people absolutely
01:23 no chance
01:25 Boston come on we're sick of Boston all
01:28 the universities the sailing whatever I
01:30 just don't see Jeff Bezos deciding to be
01:33 in Boston Pittsburgh Pittsburgh deserves
01:36 to get this Carnegie Mellon one of the
01:38 best universities in the world right now
01:39 a city on the upswing it has absolutely
01:42 no chance Atlanta another great city
01:45 fantastic universities Emory Georgia
01:47 Tech should be a likely winner with in
01:50 fact their airports but again I don't
01:52 think mister Bezos wants to live in
01:53 Atlanta Los Angeles what's the point of
01:55 a second HQ if you're gonna be on the
01:56 west coast Austin Texas this has an
01:59 outside shot a fantastic University but
02:02 again geographically disadvantaged
02:04 because it's not east of the Mississippi
02:06 Dallas Texas this is a tough one
02:08 just when you thought you were in Austin
02:10 and you thought life couldn't get any
02:11 worse you get transferred to Dallas no
02:13 chance Raleigh North Carolina
02:15 fantastic universities a great place to
02:18 live doesn't have any chance because of
02:19 the whole gender bathroom thing Denver
02:22 Colorado I don't know if the Bezos
02:24 family skis but I don't see this as
02:26 having much chance Columbus Ohio
02:28 did I mention Ohio New York City let's
02:31 hold on to this one DC let's hold on to
02:33 that Newark New Jersey let's hold on to
02:35 this one Philadelphia let's put that in
02:38 the New York file Montgomery County
02:40 Maryland that goes into the DC pile
02:42 Northern Virginia we're putting in
02:43 another pile Indianapolis
Miami a
02:47
dark-horse here
02:48 why because
anyone who lives in Seattle
02:50
probably wants to spend more time in
02:52
Miami
02:53 Toronto Canada now this this is
02:56 hilarious as Amazon sees and is fearful
02:59 rightfully fearful of regulation they're
03:01 going to locate in a city that has no
03:03 representatives in Congress this is in a
03:06 word ridiculous in Chicago despite in
03:11 the kneepads the willing to give up
03:12 taxation to Amazon basically said we
03:14 give up Amazon you now have taxing
03:16 authority and license over how to
03:18 allocate civic funds Chicago you don't
03:20 deserve it so it all comes down to two
03:23 locations it's either going to be the
03:24
metro area of New York or the Metro
03:26
area of DC there are
only two criteria
03:30 here the first is where you can attract
03:32 and retain the best talent in the eyes
03:34 of Amazon the best talent is a 24 year
03:37 old ee grad from MIT this individual
03:40 isn't concerned with cost of living cost
03:41 of living only matters when you're in
03:44 your 30s when you begin collecting dogs
03:45 and kids Amazon doesn't care about those
03:48 individual middle managers they only
03:49 care about young people who are willing
03:51 to pile into five bedroom apartments in
03:54 Gowanus or Adams Morgan this will be New
03:56 York or it will be DC and the only
03:59 criteria that really matters at the end
04:01 of the day is where again a 53 year old
04:04 billionaire the wealthiest man in the
04:06 world wants to spend more time and where
04:08 does Mr. Bezos already have homes
04:10 already have a toothbrush which ie means
04:13 he likes these places you guessed it
04:15 DC and New York Bezos the thing to do
04:19 here is to pick the city now stop this
04:22 ridiculous process and announce you're
04:24 gonna reinvest those proceeds back into
04:27 the local community this is a show
04:30 however it's the wealthiest man in the
04:31 world I see good in you come to the
04:35 light Jeff to the mayor's band together
04:38 and do something good for each other and
04:40 refuse to take part in this ridiculous
04:43 process Mr. Bezos come to the light come
04:47 to the light
04:54 No
04:55 [Music]
Song: Stevie Nicks & Tom Petty,
Stop Draggin' My Heart Around | YouTube.com
