Mamdani Marts will offer real-time Econ 101 lessons |
One of the upsides of New York Mayor Zohran Mamdani’s $70 million state-run supermarket project is that it allows rational Americans to watch socialism fail in real time.
Mamdani Marts promise to provide 30% discounts on core grocery items, which means they’ll be heavily subsidized by taxpayers. Most grocery chains already operate with a slim 2%-3% profit margin, and that’s with the benefit of highly efficient global supply chains and bulk orders.
When a congressman is hitting on his staffers, it’s worse when he’s married
The long rise of the new Democratic Party
Reclaiming the middle: Chautauqua’s slow push toward balance
It’s highly probable that Mamdani Marts will run out of the artificially discounted items very quickly. People like cheap stuff. To stop the most aggressive customers from hoarding or reselling groceries, the stores will either have to implement a form of rationing or quotas, limit supply and have empty shelves, or carry subpar inventory that fewer people desire.
That has been the outcome of every........