Source: Fox News Forum
by Peter St. Onge & EJ Antoni
“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 announcement came during a press conference on July 27, where Comrade Mamdani promised 30% discounts for ‘essential’ products at his new city-run grocery stores. The problem, of course, is grocery stores are in a razor-thin industry, sporting profit margins of roughly 2%. And that’s with competent management, which New York City government is decidedly not famous for. 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.” (08/04/26)
https://www.foxnews.com/opinion/mamdanis-city-grocery-plan-could-leave-taxpayers-paying-every-banana