Amazon just ate up Whole Foods for the price of potatoes.
Really, really, really expensive potatoes. In a stunning move that will change both Amazon and Whole Foods forever, the retail monster Amazon just ate up Whole Foods for the whopping price tag of 13.7 Billion dollars.
Amazon eyed the opportunity as a way to jump into the food delivery business. For Whole Foods, it offered a solution to lackluster sales.
The giant retailer already ate the entire retail industry as we knew it, for breakfast.
Progress comes with a price.
Sadly it’s the average citizen who often foots the bill for others’ progress.
Independent businesses have become a quaint notion, as it’s become increasingly difficult to compete with the giants. As Amazon has been allowed unlimited growth, brick and mortar stores are shuttering up at an alarming rate. And that includes the big chains as well. According to CNN, there could be as many as 8,600 stores closing this year alone.
In a twist of irony it was the fast-track expansion of malls that landed the first punch to Main Street businesses and altered the landscape of towns across America.
Now malls have been crushed by Amazon’s online karma and are fast becoming ghost towns. Time Magazine stated that one third of all malls will be closing in this country. The suburban retail apocalypse is on the horizon.
Other retailers who weren’t riding the first online wave find it difficult to compete with Amazon. WalMart seems to be the only one who fares well.
As far as the purchase of Whole Foods is concerned, those stores are likely to remain. It may have prevented a disaster. But there’s no denying that in general. other retailers have been crushed under the weight of the Amazon giant.
So should Amazon be villainized or admired?
Our country is based on capitalism, not socialism. We’re all entitled to reach our potential. However, when businesses become too big it knocks out the completion and robs consumers of choice. It also narrows options for employment and entrepreneurial opportunities.
Should it make us wistful for the good ol’days of monopoly-busting? That doesn’t seem to have applied for quite some time. But it didn’t fly under President Trump’s radar. He said that Amazon has a “huge antitrust problem.”
“Jeff Bezos was a prominent critic of Donald Trump during the presidential campaign, assembling a team of 20 people at his newspaper the Washington Post to investigate every aspect of Trump’s past. Meanwhile, Trump attacked Bezos, saying that Amazon had a “huge antitrust problem” whilst “getting away with murder” on corporation tax.”
Recently President Trump went after the financial market by rolling back some Obama regulations in the ‘too big to fail” banking industry.
Since he’s willing to go up against Wall Street on behalf of Americans, he’ll likely be reviewing other business models as well. It would be a disaster if Amazon were allowed to become a “too big to fail” industry.
Money is the root of all Globalism.
Amazon owner, Jeff Bezos is a critic of President Trump. He also owns the subversive fake news rag, The Washington Post. (BTW-if you didn’t know-the CIA invested 600 million dollars in the WaPo)
There reaches a point where financial empires can become as subversive as the NGOs-Non Governmental Organizations- that Soros uses to destroy countries.
When people like Bezos or Zuckerberg acquire so much wealth it seems inevitable that the lust becomes insatiable. At one time, we’d look at global expansion as a logical choice for savvy business people to expand their business empire.
But global business networks have become part of a more sinister web. Business giants like Bezos and Zuckerberg eventually become enemies to America as they thirst to become part of the Globalist agenda.
The Globalists seek to annihilate America and grab their piece of the pie in the One World Order, or New World Order. So all the “little” people who created the massive wealth for these giants will be thanked by being crushed by them.
We’ll all feel the bite.
Reuters reported that workers fear “robots, drones and a culture clash.” That pretty much echoes what most of us are feeling these days, for a lot of reasons.
In terms of business, Whole Foods and Main Street America is being swallowed up by the Amazon giant. In this case, the Amazon purchase could have prevented the failure of Whole Foods. However, the expansion of Amazon has absolutely annihilated retail in general.
Food for thought about monopolies.
The identity of our small towns are in danger of being lost.
It’s important to remember that in the rush for mall expansion many small retailers shuttered up their dreams and lost it all. Now they’re gone forever, as are the malls that displaced them.
Many towns destroyed their landscapes and offered expensive perks to mall contractors who seduced local governments and citizens with “job creation”* and increased revenue. Goodbye mall, good bye promises. Although retail jobs are high stress, low paid and offer questionable stability, they were better than the nothing they have, or will have, now.
Amazon could very well be repeating the pattern. It could spell the final death blow to the independent businesses who are the last ones standing.
CPR for local businesses.
Aside from creating a unique atmosphere for a small town, there are other advantages that small businesses offer. For example, it’s the small business owner who is far more likely to donate to the local high school sports team. It’s the local small business who is likely to give someone a badly needed job.
So it’s worth doing whatever we can to keep them alive.
Independent business owners can’t just rely on our “do good” sentiments. They have to be willing to change with the times, which is no small task.
CPR starts at the town hall level.
Government corruption starts at the local level. Residents need to fight shady towns who are seeking growth on the backs of Main Street retailers and home owners by allowing in chain stores, raising parking rates, or finding creative new ways to tax small business owners.
If you live in an historical town fight to keep zoning laws in effect. Fight for historical registry for all buildings that apply. Encourage kid-friendly events that bring traffic to town and create memories for the whole family.
“Think globally. Act locally.” A good catchphrase that must be reconsidered as thinking globally has taken on an entirely different meaning.
*” job creation” in quotes due to the quality of jobs offered in the retail industry. The contracting jobs to build the malls were temporary.
What do you think of Amazon buying up Whole Foods? Comment below!
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