Costco: Capitalism or Socialism?

Costco:  Socialism American Style

Costco: Socialism American Style

202°  Despite the ongoing misuse of the word Socialism by Conservatives, the term does not have anything to do with President Obama, nor the government of the United States of America. Socialism is by definition:

“A political and economic theory of social organization that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.”

The result of true socialism has been to limit choice and maximize the efficiency of large numbers for an exclusive population. While Costco is often considered to be a perfect example of capitalism, it actually a great model of socialism.

You don’t go to Costco for selection. Many items have only two choices and often the second choice is Costco’s brand, Kirkland. Costco uses the socialist model of limited selection, economy of scale, and an exclusive group to maximize savings and profit. Costco is adapted socialism for a capitalist market. 


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