{"id":8497,"date":"2026-08-04T09:20:11","date_gmt":"2026-08-04T09:20:11","guid":{"rendered":"https:\/\/koshalsambada.in\/?p=8497"},"modified":"2026-08-04T09:20:11","modified_gmt":"2026-08-04T09:20:11","slug":"david-friedberg-disagrees-with-everyone-predicting-radically-failure-for-zohran-mamdanis-grocery-stores","status":"publish","type":"post","link":"https:\/\/koshalsambada.in\/?p=8497","title":{"rendered":"David Friedberg disagrees with everyone predicting &#8216;radically failure&#8217; for Zohran Mamdani&#8217;s grocery stores"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div>\n<div class=\"e9jwa\">\n<div class=\"vdo_embedd\">\n<div class=\"GfdvZ\">\n<section class=\"_bIDB  clearfix id-r-component leadmedia undefined undefined  E9tg9 \" style=\"top:0px\">\n<div class=\"_bIDB\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"ypVvZ\">\n<div class=\"WGttI\"><img src=\"https:\/\/static.toiimg.com\/thumb\/msid-132853336,imgsize-27860,width-400,height-225,resizemode-4\/zohran-mamdani.jpg\" alt=\"David Friedberg disagrees with everyone predicting 'radically failure' for  Zohran Mamdani's grocery stores\" decoding=\"async\" fetchpriority=\"high\"\/><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>Venture capitalist David Friedberg has pushed back against predictions that New York City Mayor <a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/zohran-mamdani\" styleobj=\"[object Object]\" class=\"\" commonstate=\"[object Object]\" frmappuse=\"1\" target=\"_blank\" rel=\"noopener\">Zohran Mamdani<\/a>\u2019s planned municipal grocery store initiative will immediately fail. The tech investor argued that the heavily subsidised locations will prove wildly popular with consumers in the short term before creating broader economic strains.<span class=\"id-r-component br\" data-pos=\"4\"\/>Speaking on a recent episode of The All-In Podcast (via Business Insider), Friedberg challenged critics who expect the government-backed grocers to collapse right away, predicting that lower prices will drive massive foot traffic and spark similar municipal demands across the country.<span class=\"id-r-component br\" data-pos=\"6\"\/><\/p>\n<p><h2>\u2018Zohran Mamdani\u2019s plan will outperform commercial giants in short term\u2019<br \/><\/h2>\n<\/p>\n<p>Under Mayor Mamdani\u2019s plan, New York City has set aside $70 million to establish five city-owned grocery stores (one in each borough) with the first location scheduled to open in the Bronx in 2027. <!-- -->The stores aim to offer a 30% discount on essential food items, including fresh produce, meat and dairy products. Friedberg emphasised that as taxpayers absorb the operational deficits, the stores will easily undercut traditional commercial retailers on price.<span class=\"id-r-component br\" data-pos=\"12\"\/>\u201cEveryone&#8217;s got it a little bit wrong in assuming that this thing is going to radically fail. They&#8217;re going to outperform Whole Foods. They&#8217;re going to outperform Safeway. They&#8217;re going to outperform Albertsons. They&#8217;re going to be so in demand that what will end up happening is that over the next 24 months, every other city in America will look to these grocery stores and say, &#8216;We want the same\u2019,&#8221; Friedberg said.<span class=\"id-r-component br\" data-pos=\"17\"\/>However, Friedberg warned that short-term popularity masks severe long-term financial consequences, comparing government-subsidised retail to a economic spiral where taxpayers eventually foot the bill for rising inflation and operational losses.<span class=\"id-r-component br\" data-pos=\"20\"\/>\u201cA big part of the multi-level marketing scheme of socialism is to create spectacle. And it will create more spectacle that will help to fuel the multi-level marketing scheme of socialism. And remember, the problem with all multi-level marketing schemes at the end of the day is someone has to pay the bill,\u201d Friedberg added.<span class=\"id-r-component br\" data-pos=\"22\"\/><\/p>\n<p><h2>Zohran Mamdani\u2019s proposal is seeing industry pushback<\/h2>\n<\/p>\n<p><span class=\"id-r-component br\" data-pos=\"24\"\/>Mamdani\u2019s proposal has faced sharp criticism from private grocery executives and commercial operators. John Catsimatidis, CEO of Red Apple Group and a major New York supermarket operator, criticised the initiative, telling industry outlets that government-run markets are \u201ctrying to create something that\u2019s not viable\u201d in a competitive retail landscape.<span class=\"id-r-component br\" data-pos=\"26\"\/>Critics argue that municipal stores could distort local food markets, putting pressure on independent grocers and bodegas that operate on narrow profit margins without taxpayer subsidies.<span class=\"id-r-component br\" data-pos=\"28\"\/><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/technology\/tech-news\/tech-investor-david-friedberg-does-not-agree-with-everyone-predicting-radically-failure-for-zohran-mamdanis-grocery-stores-says-unfortunately-they-will-fire-\/articleshow\/132853362.cms\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Venture capitalist David Friedberg has pushed back against predictions that New York City Mayor Zohran Mamdani\u2019s planned municipal grocery store initiative will immediately fail. The tech investor argued that the heavily subsidised locations will prove wildly popular with consumers in the short term before creating broader economic strains.Speaking on a recent episode of The All-In [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-8497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-31"],"magazineBlocksPostFeaturedMedia":{"thumbnail":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/1785835240_zohran-mamdani.jpg","medium":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/1785835240_zohran-mamdani.jpg","medium_large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/1785835240_zohran-mamdani.jpg","large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/1785835240_zohran-mamdani.jpg","1536x1536":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/1785835240_zohran-mamdani.jpg","2048x2048":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/1785835240_zohran-mamdani.jpg","blogsy-small":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/1785835240_zohran-mamdani.jpg","blogsy-small-tall":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/1785835240_zohran-mamdani.jpg","blogsy-small-square":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/1785835240_zohran-mamdani.jpg","blogsy-small-masonry":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/1785835240_zohran-mamdani.jpg","blogsy-medium":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/1785835240_zohran-mamdani.jpg","blogsy-medium-masonry":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/1785835240_zohran-mamdani.jpg","blogsy-large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/1785835240_zohran-mamdani.jpg","blogsy-wide":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/1785835240_zohran-mamdani.jpg"},"magazineBlocksPostAuthor":{"name":"admin","avatar":"https:\/\/secure.gravatar.com\/avatar\/8709732a479614e7a8aa24d3eb1b239f30dc6d90c61464ed495001e7a469d856?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":"0","magazineBlocksPostExcerpt":"Venture capitalist David Friedberg has pushed back against predictions that New York City Mayor Zohran Mamdani\u2019s planned municipal grocery store initiative will immediately fail. The tech investor argued that the heavily subsidised locations will prove wildly popular with consumers in the short term before creating broader economic strains.Speaking on a recent episode of The All-In [&hellip;]","magazineBlocksPostCategories":["\u0b26\u0b47\u0b36 \u0b2c\u0b3f\u0b26\u0b47\u0b36"],"magazineBlocksPostViewCount":1,"magazineBlocksPostReadTime":3,"magazine_blocks_featured_image_url":{"full":["https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/1785835240_zohran-mamdani.jpg",400,225,false],"medium":["https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/1785835240_zohran-mamdani.jpg",300,169,false],"thumbnail":["https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/08\/1785835240_zohran-mamdani.jpg",150,84,false]},"magazine_blocks_author":{"display_name":"admin","author_link":"https:\/\/koshalsambada.in\/author\/admin"},"magazine_blocks_comment":0,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/8709732a479614e7a8aa24d3eb1b239f30dc6d90c61464ed495001e7a469d856?s=96&d=mm&r=g","magazine_blocks_category":"<a href=\"#\" class=\"category-link category-link-31\">\u0b26\u0b47\u0b36 \u0b2c\u0b3f\u0b26\u0b47\u0b36<\/a>","_links":{"self":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/posts\/8497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8497"}],"version-history":[{"count":0,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/posts\/8497\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/media\/8498"}],"wp:attachment":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}