this post was submitted on 30 May 2024
110 points (97.4% liked)
Canada
7082 readers
201 users here now
What's going on Canada?
Communities
🍁 Meta
🗺️ Provinces / Territories
- Alberta
- British Columbia
- Manitoba
- New Brunswick
- Newfoundland and Labrador
- Northwest Territories
- Nova Scotia
- Nunavut
- Ontario
- Prince Edward Island
- Quebec
- Saskatchewan
- Yukon
🏙️ Cities / Regions
- Calgary (AB)
- Edmonton (AB)
- Greater Sudbury (ON)
- Halifax (NS)
- Hamilton (ON)
- Kootenays (BC)
- London (ON)
- Mississauga (ON)
- Montreal (QC)
- Nanaimo (BC)
- Oceanside (BC)
- Ottawa (ON)
- Port Alberni (BC)
- Regina (SK)
- Saskatoon (SK)
- Thunder Bay (ON)
- Toronto (ON)
- Vancouver (BC)
- Vancouver Island (BC)
- Victoria (BC)
- Waterloo (ON)
- Winnipeg (MB)
🏒 Sports
Hockey
- List of All Teams: Post on /c/hockey
- General Community: /c/Hockey
- Calgary Flames
- Edmonton Oilers
- Montréal Canadiens
- Ottawa Senators
- Toronto Maple Leafs
- Vancouver Canucks
- Winnipeg Jets
Football (NFL)
- List of All Teams:
unknown
Football (CFL)
- List of All Teams:
unknown
Baseball
- List of All Teams:
unknown - Toronto Blue Jays
Basketball
- List of All Teams:
unknown - Toronto Raptors
Soccer
- List of All Teams:
unknown - General Community: /c/CanadaSoccer
- Toronto FC
💻 Universities
💵 Finance / Shopping
- Personal Finance Canada
- BAPCSalesCanada
- Canadian Investor
- Buy Canadian
- Quebec Finance
- Churning Canada
🗣️ Politics
🍁 Social & Culture
Rules
Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage:
founded 3 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I fundamentally agree with you that publicly-traded corporations are inherently problematic due to the nature of their fiduciary duty to shareholders. That said, I think Costco is clearly the lesser of these particular evils. I have no doubt that given time they'll turn to shit, but thus far (to my understanding) they at least pay something resembling a living wage and have reasonably consumer-friendly policies.
Shopping local could (if even possible) be the more ethical option, but most people are struggling and small grocers simply don't have the margins to generally be affordable. I'm betting very few of them are able to pay their employees anything close to Costco either (if they even care to - plenty of small business owners are greedy in their own right).
Now if only I didn't have a panic attack every time I set foot in a Costco ...
You're absolutely right. Give credit where credit is due.
But eventually when the line stops going up then all of those worker/customer friendly policies will go out the window.
Oh, absolutely. It's all but inevitable and we're not exactly spoiled for good options in our oligopoly-friendly country, but at least for the moment they're not Loblaws/Walmart.
As far as I can tell, Costco isn't the lesser of two evils, but rather the one non evil choice of the pair. Their profit margin is something like 2%, which is just what they get from membership fees. But this is what I recall from memory, and it's data from many years ago, so if anyone has evidence to the contrary, do share.
Now that you mention it, I seem to recall reading something similar a few years back. I still think they'll inevitably break bad though - all it will take is some board and/or leadership turnover. We can at least enjoy the ride (and cheap hotdogs) in the meantime.