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Panera Bread's Socialist 'Pay What You Want' Experiment Fails Miserably
Panera Bread has shuttered the last of its ideologically driven "pay what you want" restaurants. The socialist-tinged ventures were called "Panera Cares" and the higher-ups have finally figured out that "caring" is not synonymous with "viable business model." On February 15, the final Panera Cares, located in Boston, will close.
The chain opened its first donation-based community cafe in St. Louis, Missouri, in 2010. Under the model championed by the company’s founder Ron Shaich, the restaurant operated like a typical Panera, but offered meals at a suggested donation price, with the goal of raising awareness about food insecurity. “In many ways, this whole experiment is ultimately a test of humanity,” Shaich said in a TEDx talk later that year. “Would people pay for it? Would people come in and value it?” It appears the answer is a resounding no.
You know who's probably suffering from food insecurity? The employees of Panera Cares who are no longer employed and no longer receive paychecks. You can't buy food if you don't have a job, and providing jobs is only assured if companies are focused on making money. If Panera had cared more about making money than promoting a constantly refuted ideology, its employees would still be receiving paychecks. Frighteningly, though, a growing segment of the populace seems to be allergic to common-sense economic principles.
originally posted by: Xcalibur254
How is this socialist? This is capitalism diluted to its most basic principles. A company gets paid what the public thinks their product is worth.
Frighteningly, though, a growing segment of the populace seems to be allergic to common-sense economic principles.
a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
Then...the "exectutive-class" started not paying...while us average customers did.