What makes the Amazon-Whole Foods deal so problematic is that they are going into an industry with large infrastructure, brick-and-mortar cost, and seeking to build consolidation where we already suffer from consolidation. It's not like Walmarts and Targets have been good for wages or local grocery stores or niche producers.
Silicon Valley is actually a prime target for an ICBM missile strike. It occurred to me as I has touring Apple Park that if I was concerned about Americans' safety and the symbol of America's future I would think that those is Silicon Valley as the most vulnerable. That's where you would be attacking the future economy.
My grandfather, or Nana Ji, as we called him, was a family legend. Amarnath Vidyalankar spent his life fighting for India's independence, which included spending four years in prison in Mahatma Gandhi's movement. I still remember the conversations we had together, many of them while playing chess.
The fruits of the economy and all the advantages of technology and globalization have gone far more to the investor class and the professional class and not as much to the working class. Partly because of the loss of labor unions, partly because of things like a lack of antitrust enforcement, policies that have privileged shareholder returns.
If you look across the economy, if you have multiple players in an industry, you have more customization, more innovation, greater choice for consumers. The more you have consolidation, the less likely you are to invest in innovation. It becomes all about driving down cost and mass production. And that's not good for innovation in an industry.