January 3, 2024
SHARE
COMMONS
CANADALAND #914 Stock Buybacks: How Grocers Eat Themselves
Canada’s biggest grocery chains spent nearly 2 billion last year buying up their own stocks.
Jesse Brown
Host & Publisher
Cherise Seucharan
Reporter, CANADALAND
Tristan Capacchione
Audio Editor & Technical Producer
Bruce Thorson
Senior Producer
Jonathan Goldsbie
News Editor
Karyn Pugliese
Editor-in-Chief

This episode was originally published on August 28th, 2023. 

 

Listen to Monopoly 1 – Lost in the Supermarket and Monopoly 17 – Food Fight

 

In the past several years, Loblaws, Metro and Empire have spent billions on their own stock – And at a time of food price inflation and grocery workers on strike. 

Why are they doing it? And why do some economists say stock buybacks should be abolished? 

 

Featured in this episode: 

William Lazonick, professor emeritus of economics at University of Massachusetts

Jim Stanford, director of the Centre for Future Work

 

Further reading:

 

Host: Jesse Brown 

 

Credits: Cherise Seucharan (Reporter), Jonathan Goldsbie (News Editor), Tristan Capacchione (Audio Editor and Technical Producer), Bruce Thorson (Senior Producer), Annette Ejiofor (Managing Editor), Karyn Pugliese (Editor-in-Chief)

 

Sponsors: Douglas, AG1

 

If you value this podcast, Support us! You’ll get premium access to all our shows ad free, including early releases and bonus content. You’ll also get our exclusive newsletter, discounts on merch, tickets to our live and virtual events, and more than anything, you’ll be a part of the solution to Canada’s journalism crisis, you’ll be keeping our work free and accessible to everybody. 

 

You can listen ad-free on Amazon Music—included with Prime.

More from this series
Mandalena Lewis is one of far too many flight attendants who have been harassed or assaulted on the job. And her story is just one example of a culture of sexism and abuse that she alleges pervades the airline industry.
June 12, 2024
In 2006, Zakaria Amara was arrested and imprisoned for planning what could have been one of the deadliest terror attacks in Canadian history. A ringleader of the so-called “Toronto 18,” he’s one of the most infamous Canadian convicts of the last few decades.  This conversation is the first time he’s ever given an interview to a member of the press.
June 5, 2024
♩♪ But Spotify, it’s nearly killed us Ticketmaster’s ground us to dust The companies got too large Now monopolies are in charge ♩♪
May 29, 2024
Not only do Canadian prisoners work for for-profit businesses, but they’re sometimes doing the most dangerous and nauseating work around
May 22, 2024
If we want to truly understand our criminal justice system and Canadian labour, we need to examine how prisoners work.
May 15, 2024
In Newfoundland and Labrador, fishing is more than just an industry or a job. It truly is a way of life. It’s at the core of what has made this place what it is.
May 8, 2024
The history of the Atlantic fishery can be understood as a power struggle between fishermen and merchants.
May 1, 2024
This isn’t just history. It’s prophecy. It’s a vision of what may come if we continue to ignore the ecological limits of this planet in the pursuit of profit.
April 24, 2024
all podcasts arrow All Podcasts
COMMONS