Mamdani Picked The Worst Way To Implement Socialism In NYC

It either demonstrates a deep misunderstanding of facts or is a deliberate action to accelerate the decline of a once-great city. The Laws of Economics and statistics on the grocery industry clearly show that there is no way, except through subsidies that shift costs onto taxpayers, for Mamdani’s plan for city-run grocery stores to reduce food costs for the city’s residents. The grocery business is not some gold mine of hidden profits waiting to be tapped. It is one of the most competitive, tightly run industries in this country, with an extremely low profit margin. Companies such as Kroger, Walmart,...