Andreessen Horowitz’s a16z New Media published the most popular charts of the week on financial markets, but the most revealing one came at the end of the note: a comparison suggesting that New York City’s first grocery store, which will soon be run by unhinged socialists, will be structurally less efficient than private-sector supermarkets.
But who cares when it’s not taxpayer monies?
According to the New York Post, Mayor Zohran Mamdani’s proposed city-owned grocery store in East Harlem would require roughly $30 million in taxpayer funding.
At just 9,000 square feet, the project implies a construction cost of about $3,000 per square foot – an exceptionally and alarmingly high number by grocery industry standards.
From an economic standpoint, the “Mamdani Mart” underscores a familiar pattern: state-directed supermarkets often fail to achieve the cost discipline, operational efficiency, and scale seen in private-sector chains.
This story has played out time and again in the U.S., as unhinged left-wingers have experimented with socialism:
The end result is Cuba.
When taxpayer-funded stores fail, socialists will never blame themselves but will merely say they didn’t experiment hard enough.
Related:
Socialism is inherently parasitic, abusing productive taxpayers to subsidize left-wing experiments. It always tend to fail. Let’s not forget CNBC’s Sara Eisen blasted the far-left mayor after he filmed a promotional video touting a proposed new tax on luxury properties.