Tech investor disagrees with ‘failure’ prediction for Mamdani’s grocery stores
Venture capitalist David Friedberg predicts New York City’s subsidized grocery stores will succeed initially. These government-backed stores will offer significant discounts, drawing large customer numbers. Friedberg warns of long-term economic strains and taxpayer burdens from these initiatives. Industry leaders criticize the plan, questioning its viability against private grocers. Critics also fear market distortions and pressure

