Amazon’s Bezos testifies before Congress on Monopoly practices
The CEOs of Amazon, Apple, Facebook, and Google are testifying before a House antitrust subcommittee today about whether their companies have too much power. Amazon CEO Jeff Bezos, in his first-ever Congressional testimony, began the hearing saying that he was raised by a single mother and adoptive father and that he created Amazon 26 years ago from nothing. He and the others argued that they are not monopolies and are the only companies large enough to hold off Chinese ventures. Ted Rall, an award-winning columnist and political cartoonist, whose work is at www.rall.com, joins the show.