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Can Government Run a Grocery Store?
Episode 117
Published 1 month, 1 week ago
Description
New York City Mayor Mamdani wants five city owned grocery stores selling staples 30% below cost, at $70 million to build and $100 million a year to run. Cato's Rikki Schlott talks with Don Boudreaux about why private supermarkets survive on 2% profit margins, and what actually happens when government tries to run a store.
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