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Mamdani Botches the Math on Socialist Grocery Stores

  • Queens Assemblyman Zohran Mamdani, the presumptive Democratic mayoral nominee, proposed a $60 million experiment to build five city-run grocery stores in New York City.
  • Mamdani’s plan aims to fight price gouging by offering food at wholesale cost, funded by redirecting $140 million from corporate grocery subsidies and taxing the wealthy.
  • Critics warn the grocery industry has razor-thin 1.6% profit margins, and municipal stores have rarely succeeded except in small rural towns, raising doubts about scalability.
  • Polls show two-thirds of New Yorkers support public groceries, but voices like Fox News' Stephen A. Smith argue socialism conflicts with American values and doubts electoral viability.
  • If successful, Mamdani’s plan would be the first city of New York’s size to own grocery stores, yet its feasibility and impact remain uncertain amid economic and political controversy.
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NewsBusters broke the news in Washington, United States on Monday, June 30, 2025.
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