Greens pitch Zohran Mamdani-style $25.1bn plan to nationalise 200 Coles and Woolworths supermarkets
Summary
The Greens party in Australia has proposed a $25.1 billion plan to nationalise over 200 Coles and Woolworths supermarkets and open hundreds of government-run grocery stores. This plan aims to lower food prices and create a government-run chain called Fair Go Grocers, funded initially by the government and then expected to be self-sustaining.Key Facts
- The plan involves nationalising more than 200 supermarkets and three distribution centres belonging to Coles and Woolworths.
- The government would also open 424 new supermarkets and 10 distribution centres to capture about 20% of the grocery market.
- These new stores would offer food at prices up to 22% lower, potentially saving families around $60 per week.
- A new government authority would set prices monthly and regulate wholesale rates for suppliers.
- The government would cover the costs of land, buildings, and buying existing supermarkets, focusing on areas with the greatest need.
- After five years and an initial investment of $25.1 billion, the stores would run without needing more money from taxpayers.
- The proposal is inspired by a similar plan in New York City, where the mayor plans city-owned, subsidised grocery stores.
- A poll showed 84% of Australians support trying publicly owned supermarkets, especially younger voters, Greens supporters, and women.
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