Can Government Run a Grocery Store?

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. Hosted on Acast. See acast.com/privacy for more information.