Yeah, there is a mechanism that ensures it, and that's the interaction between competition and artificial scarcity. Companies that try to do things in the best interests of their customers and society end up either getting bought out, or out competed and die. It's a simple matter of survival given the rules of the game that we have set up. Greed is the mechanism that keeps these rules in place and even makes them worse, sure, but then, the rules are designed to encourage and reward greed as well; a positive feedback loop. To stop it, the rules need to be changed at a deeper level than most realize or are comfortable with, despite all the many benefits.
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There was also a skit on the Wayne and Schuster show about the "Super No-Frills" grocery store featuring this as one of their cost savings features.