
the main place government run grocery stores are being proposed/trialed is fucking NYC where basically no subsidy could make goods cost a reasonable price. How many times have we have to try subsidize our way out of problems only for it to fall apart because the private sector’s perpetual goal is to maximize profit before you dumbasses appreciate that privatization and subsidy aren’t universal solutions?
Businesses aren’t always more efficient. Their priority is to maximize profits, not to maximize the number of people they serve. Businesses are good in a sense of the govt funds new technologies and businesses figure out which have paths to profitability. But not in a sense of “we want to maximize the number of people this location can benefit”
they’re saying that the goal of businesses isn’t always maximization of long-term profit. as a result of the structure of executive compensation, many CEOs prioritize short term profits at the expense of long term viability/profitability so they can hit performance bonuses and be paid more.