Whole Foods Market

Whole Foods betrayed its principles and customers

Whole Foods betrayed its principles and customers

The recently announced sale of Whole Foods to Amazon is a betrayal of the grocer’s touted principles. Whole Foods is supposedly committed to adhering to values of the “triple bottom line” — also known as the “3Ps”: people, planet and profit — while Amazon’s philosophy is only their financial bottom line, or the third “P,” profit.

The 3Ps involve the understanding that businesses’ duty is to serve society — which includes workers, customers and communities — along with the ecosystem, and to be profitable. The purpose of traditional corporations is simply to make money; exploitation, contamination and increasing economic inequality often result.

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