The Big Problem With Mamdani’s City-Run Grocery Stores In NYC

Video Description

Grocery prices in U.S. urban areas have tripled over the past 40 years, straining household budgets, according to the U.S. Bureau of Labor Statistics. Zohran Mamdani, the Democratic winner of New York City’s mayoral primary, is proposing city-owned grocery stores to "keep prices low, not make a profit." These are not new concepts in the U.S. and have been tried in the past. CNBC visited two smaller cities in Kansas to see how this model operates and whether it could be replicated in larger cities. Chapters: 0:00: Introduction 1:42: Chapter 1 - How city-owned grocery stores work 3:38: Chapter 2 - Limited success 5:23: Chapter 3 - Will it work in big cities like NYC? 9:12: Chapter 4 - Alternative option? Produced by: Anuz Thapa Shot by: Jordan Wyatt Edited by: Nic Golden Henry Narration by: Jordan Smith Graphics by: Jason Reginato Senior Director of Video: Lindsey Jacobson Additional Footage: Getty Images, publicmarkets.nyc » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Watch CNBC on the go with CNBC+: https://www.cnbc.com/WatchCNBCPlus About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to be your own boss? Sign up for Smarter by CNBC Make It's new online course, How To Start A Business: For First-Time Founders. Find step-by-step guidance for launching your first business, from testing your idea to growing your revenue. Sign up today with coupon code EARLYBIRD for an introductory discount of 30% off the regular course price of $127 (plus tax). Offer valid September 16 through September 30, 2025: https://cnb.cx/4gEgnhO Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC #CNBC Will City-Run Grocery Stores Make Food Cheaper?