I read it 3 times and saw “Groovy Price”
I’m not sure what I need examined.
We Crunched the Data: There’s a Grocery Price Emergency in America
Submitted 3 days ago by Valuy@lemmy.zip to nyt_gift_articles@sopuli.xyz
Submitted 3 days ago by Valuy@lemmy.zip to nyt_gift_articles@sopuli.xyz
I read it 3 times and saw “Groovy Price”
I’m not sure what I need examined.
megopie@lemmy.blahaj.zone 3 days ago
I’d add one more possible solution, some sort of government support for non-profit grocery stores, ether co-ops or municipality run. Similar things in the supply chain would be essential as well.
For profit grocery stores and their suppliers have very little reason to compete on price or value, often they’re some form of monopoly or have niche partitioned a market and don’t compete. We can introduce a bunch of regulations against specific practices, but there will be loop holes or new practices will develop. It is a moving target that will require constant updates that we won’t be able to rely upon once the public attention shifts.
Better to create a counterbalance that gets at the root of the problem, some set of actors in the market that have different incentives, and thus don’t trend towards the same behaviors as everyone else overtime. The capital markets are reluctant to invest in Co-ops due to the lack of control they have over them, and municipal government rarely have the kind of available capital to build such things, thus state and federal governments need to step in and provide the needed capital where the markets have failed.