Monday, July 18, 2005

The fall of capitalism

How Costco Became the Anti-Wal-Mart - New York Times: "Emme Kozloff, an analyst at Sanford C. Bernstein & Company, faulted Mr. Sinegal as being too generous to employees, noting that when analysts complained that Costco's workers were paying just 4 percent toward their health costs, he raised that percentage only to 8 percent, when the retail average is 25 percent.
'He has been too benevolent,' she said. 'He's right that a happy employee is a productive long-term employee, but he could force employees to pick up a little more of the burden. '
...
Costco's profit rose 22 percent last year, to $882 million, on sales of $47.1 billion. In the United States, its stores average $121 million in sales annually, far more than the $70 million for Sam's Clubs. And the average household income of Costco customers is $74,000 - with 31 percent earning over $100,000."


I am not a socialist. I like my stuff. No I LOVE my stuff. I want more stuff. I want enough money to never worry about it. But I don't want anybody to need for my wants. Greed will be the end of capitalism if the assholes aren't careful. We have a company that by all measures is sucessful but they don't make enough money for the assholes. Well, what the fuck is enough? Must it be a race to the bottom where Walmart is the ideal? Fuck that.

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