FOX News Thirty-five years after the Soviet Union collapsed, the Communist bread line is poised for a comeback in the Big Apple, as Mayor Zohran Mamdani announces his government grocery stores will be undercutting real groceries by 30%. Not to worry, socialism will work this time.The problem, of course, is grocery stores are in a razor-thin industry, sporting profit margins of roughly 2%.That means even if the socialists somehow manage to run a grocery as efficiently as Aldi, Walmart or Gristedes, the city will be losing an ungodly amount of money — at least 28 cents on the dollar.And what stops anyone from buying deeply discounted groceries for resale? After all, 30% off is cheaper than wholesale."Peter St. Onge and E.J. Antoni write that Mamdani’s city-run grocery plan would force taxpayers to subsidize artificially low prices while threatening private neighborhood stores.Read the full story 👉 https://www.foxnews.com/opinion/mamdanis-city-grocery-plan-could-leave-taxpayers-paying-every-banana
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