The level of panic on this is retarded. Really, it’s just Whole Foods, they’re a minuscule part of the grocery market. If they’d bought Safeway/ Albertons maybe this reaction would be warranted, but the didn’t. They aren’t a monopoly folks, get over it already.
Good post. Do you have any sense of why Amazon would buy such a small (and expensive) player in the grocery business?
I looked at the market cap of Kroger yesterday and it was only about $19 Billion, so for a premium they could have bought Kroger for say between $25 and $35 Billion then you really would have something to talk about.
Corporation can't force us to do anything. The only power they have is persuasion.
Government has the power of the army, courts, and police. It is government we should fear.