@_ThePugFather Pug it’s not easy , please don’t overestimate your abilities. I’ve had 1 Cessna lesson and even then they wouldn’t let me land. It’s harder than you think.
Mayor Mamdani wants New York City to run five grocery stores selling food at 30% below market price, and you already know how this ends because Ludwig von Mises told you in 1944.
Consider the man who runs a private grocery. He watches his shelves. When cabbage rots and steak sells out, he learns something: prices, profits, and losses feed him a constant stream of information about what New Yorkers actually want. He adjusts. He hates waste because waste comes out of his own pocket. That discipline keeps millions of stores and supermarkets across the globe stocked with everything from plantains to kosher salt.
Now hand the store to a municipal manager. What guides him?
Nothing does. Mises identified the core problem precisely: "The paradox of 'planning' is that it cannot plan, because of the absence of economic calculation." "What is called a planned economy is no economy at all. It is just a system of groping about in the dark." A city clerk selling milk below cost has no profit signal telling him whether he stocked too much or too little. He has a budget and a rulebook.
The 30% discount is the tell. Wholesalers charge the city the same as they charge Gristedes. Rent in Brooklyn does not fall because the landlord is renting to a bureaucrat. Refrigeration, labor, spoilage, theft: all real, all paid. So the missing 30% comes from your taxes. You subsidize your own groceries and pay a middleman salaried by the Department of Whatever to hand them back to you at a loss. Efficient?
Mises again: "The bureaucrat is not free to aim at improvement. He is bound to obey rules and regulations." Watch what happens when tomatoes run short. The private grocer raises the price a nickel and orders more. The city store keeps the mandated price, sells out by noon, and posts a handwritten sign: OUT OF STOCK. Shortages stem directly from price controls.
Venezuela tried this with Mercal. Cuba runs it now with ration books and empty shelves. The USSR perfected the queue.
New York will get the queue too. I will be getting out the popcorn to watch this monumental disaster unfold in real time.
@_ThePugFather This pheasant will present himself to Pixie as a peasant and present her with a present of a peasant like birthday wish on her royal birthday.
@icelandcricket can you please inform me what colour balls you use for a day/night game on your white pitches. Also i would imagine that you don't have many orthodox spinners in your team given the difficulty of getting purchase on the wickets?
@VusiSambo Have a jaguar xe 2.d. Jaguar SANDTON told me I needed a new turbo as there was a red warning light on. Wanted to charge me 145k. Took it to an independent. Turns out the exhaust filter was blocked. 6.5 k later and 2 years the car runs fine. CRIMINALS
@Lesufi Here's a novel idea. When residents start harvesting rain water perhaps the municipalities can levy a surcharge (like Eskom is trying to do with solar installations) because we need to pay for the infrastructure, or something.
@Lesufi Spare a thought for Gautengs premier, forced to book into a hotel to take a shower. How undignified for him. I'm thinking of starting a crowd funding campaign for him to ensure that the 5 star hotel has enough water collection tanks of high enough quality - perhaps Evian
Spare a thought for Gautengs premier who is often forced to book into a hotel to take a shower. How undignified for him. I'm thinking of starting a crowd funding campaign for him to ensure that the hotel has enough water collection tanks of high enough quality - perhaps Evian -
@Airports_ZA what is the reason that only passengers can go to the check in counters at ORT Terminal A. Seems rather restrictive to stop family members at the barrier.