this post was submitted on 26 Jun 2025
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So if it’s city owned it’s bad because any profits would go back to the city. But if it private owned it’s good because the profits go to a few rich people? I must be missing something
If you're inclined to be charitable, I believe the capitalist-brained reasoning goes something like:
These grocery stores will inevitably run at a loss and/or need to be subsidised - costing the taxpayers money - because the state couldn't possibly run them as efficiently as a private enterprise competing in the free market.
(Not saying I agree.)
The reasoning is actually that a food desert means greater revenues from a larger market circle for the desert wanderers to travel so they can eat. Company gets most of the profit without offering convenient service from the captives.
There is zero reason to run grocery stores at a loss. Competition that doesn't extort as strongly as other cartel members does screw over the cartel.