I don’t think profit works like we think it does… if king soopers, or farm fresh or some other giant grocery store does not make more and more sales every year, they consider this unprofitable even if the store is making money…
Profits are excess money that go back to the executives and shareholders…
With no shareholders all of that money goes or would go back to the community.
A city run grocery store could prioritize locally grown produce and local meat for example, and since they aren’t worried about constantly making more and more money in the short term, i assume it could boost the local economy in the exact opposite way that large corporate chains leech money out of communities. The better pay and benefits that city workers make alone would contribute to that.
I don’t think profit works like we think it does… if king soopers, or farm fresh or some other giant grocery store does not make more and more sales every year, they consider this unprofitable even if the store is making money…
Profits are excess money that go back to the executives and shareholders…
With no shareholders all of that money goes or would go back to the community.
A city run grocery store could prioritize locally grown produce and local meat for example, and since they aren’t worried about constantly making more and more money in the short term, i assume it could boost the local economy in the exact opposite way that large corporate chains leech money out of communities. The better pay and benefits that city workers make alone would contribute to that.