Where the private market doesn't provide a grocery store, City Hall opens one. Groceries as public infrastructure. A good thing or a bad thing? IDK what to think.https://www.axios.com/government-run-grocery-store-baldwin-florida-ea5ee9f5-227d-4327-8105-f09c0792fe05.html?utm_source=newsletter&utm_medium=email&utm_campaign=newsletter_axiosfutureofwork&stream=future …
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But it's so clearly an active area of market failure, isn't it? It doesn't seem like something the market has been able to fix. I'd assume the alternative is highly subsidizing private actors to run similar stores. The economics of the market alone don't seem likely to fix this
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Agreed. What happened to the market that was supposed to serve needs like this? No externality in sight, really.
- Još 2 druga odgovora
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I mean this respectfully, but “should we be happy they did this or sad they had to” is a naive/softball framing of the dichotomy here. How can this go wrong? Who decides which brands are carried? What are their incentives? Is it set up to be immune to bad actors in office?
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It’s by definition going to run at a loss. How much is too much loss? Who sets the prices? What are success metrics before scaling this experiment?Socialists have a long history of inducing famine and mass death when they take over food supplies. Would tread cautiously.
- Još 2 druga odgovora
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