> This is one thing I'm terrified of going forward: industries being built by the 1% for the 1% and to Hell what the rest of us proles want.

That's an interesting hidden pitfall of increasing income inequality and wealth concentration. Companies like Coca Cola got huge because their target market was basically every American - rich or poor. If income inequality continues to rise a more profitable strategy might be selling very expensive beverages to the wealthy instead, leaving the poor underserved. This is already happening with prestige, "health" beverages like cold-pressed juice and Kombucha.