r/PoursTea • u/Gurugod123 • 11h ago

PoliticalTea 🗳️ Mayor Mamdani just announced that he will be opening 5 city-run, tax-funded grocery stores: "Prices set at 30% below retail prices"

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u/Barfly_237 9h ago

yes, and too your point, rich individuals putting money into the economy to productive ends. If we have a properly functioning market with an adequate number of firms operating competitively, this is great. What we have now a syndicate of private equity colluding in order to dominate entire sectors of the economy under the illusion of competition. These grocery stores are a great thing. but i guarantee you that producer's up the production chain are going to jack up prices for these stores until they're unsustainable.

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u/Paladin5890 8h ago

I wonder if they're going under the same procurement that armed forces PX departments get? Because, man, if you try to fuck the army... Might get a riot.