1 00:00:00,160 --> 00:00:02,640 Speaker 1: Thanksgiving and nobody gives a reds ask so they just 2 00:00:02,720 --> 00:00:03,840 Speaker 1: no talkbacks today. 3 00:00:04,000 --> 00:00:06,080 Speaker 2: Why don't you give me a talkback? Why don't you 4 00:00:06,160 --> 00:00:09,600 Speaker 2: talk back to me? Grant? Mister Grant, who's so happy 5 00:00:09,640 --> 00:00:13,880 Speaker 2: to be here today. My punishment from KOA for Thanksgiving 6 00:00:13,960 --> 00:00:16,720 Speaker 2: and being here during the holiday season is working with you, 7 00:00:16,840 --> 00:00:19,640 Speaker 2: Michael Brown. So I'm thankful to be here, aren't. 8 00:00:19,440 --> 00:00:22,160 Speaker 1: You just aren't you just exciting to be back there 9 00:00:22,160 --> 00:00:23,080 Speaker 1: behind the glass today? 10 00:00:23,160 --> 00:00:24,440 Speaker 2: So excited, so excited. 11 00:00:24,520 --> 00:00:26,760 Speaker 1: I can just tell, I can just tell how excited 12 00:00:26,800 --> 00:00:30,319 Speaker 1: you are. Grant's about as excited to be here with 13 00:00:30,400 --> 00:00:32,840 Speaker 1: me today as I was. Open to today's Wall Street 14 00:00:32,920 --> 00:00:38,280 Speaker 1: Journal and read this headline, Are you ready inside Atlanti's 15 00:00:39,000 --> 00:00:47,800 Speaker 1: first government funded supermarket? Yes, keeting super Safeway. Public's uh 16 00:00:48,560 --> 00:00:52,640 Speaker 1: heris teter all of you, Pigley wiggily, there's a reference 17 00:00:52,720 --> 00:00:55,360 Speaker 1: for you. I'll just go away because the government's going 18 00:00:55,400 --> 00:00:57,240 Speaker 1: to come in and take over your grocery stores. 19 00:00:58,040 --> 00:01:01,560 Speaker 2: Holy crap. You know, of course, we're still dealing with. 20 00:01:01,600 --> 00:01:04,640 Speaker 1: Zophram, you know, the newly elected mayor of New York 21 00:01:04,680 --> 00:01:06,880 Speaker 1: City who has said all along that he wanted to 22 00:01:06,920 --> 00:01:11,240 Speaker 1: have government run grocery stores because what says that the 23 00:01:11,319 --> 00:01:16,119 Speaker 1: private sector isn't doing their job as much as hearing 24 00:01:16,160 --> 00:01:20,640 Speaker 1: that the federal government or state government or local government 25 00:01:20,760 --> 00:01:23,200 Speaker 1: was to come in and take over a private sector operation. 26 00:01:24,120 --> 00:01:25,199 Speaker 1: Talk about mission creep. 27 00:01:25,200 --> 00:01:25,640 Speaker 2: There you go. 28 00:01:25,720 --> 00:01:28,400 Speaker 1: The sub ed in the Wall Street Journal is this 29 00:01:29,880 --> 00:01:33,800 Speaker 1: the goal? The goal is for the store to become 30 00:01:34,040 --> 00:01:39,919 Speaker 1: profitable without any government subsidies within three years. 31 00:01:41,520 --> 00:01:44,640 Speaker 2: Anybody won't take any bets. Here's the first paragraph. 32 00:01:45,120 --> 00:01:47,840 Speaker 1: When the Azale fresh Market opened this summer, it became 33 00:01:47,880 --> 00:01:51,960 Speaker 1: the only supermarket to operate in the city's downtown in 34 00:01:52,080 --> 00:01:59,840 Speaker 1: two decades. Hmm gee, I wonder why that a grocery store, 35 00:02:00,320 --> 00:02:02,919 Speaker 1: you know, particularly when the major chains now Mom and pop. 36 00:02:03,160 --> 00:02:05,520 Speaker 1: I understand why Mom and Pop probably doesn't want to 37 00:02:05,600 --> 00:02:08,600 Speaker 1: uprate in downtown Atlanta. When's the last time you were 38 00:02:08,639 --> 00:02:10,880 Speaker 1: in downtown Atlanta? And I don't mean like, you know, 39 00:02:10,960 --> 00:02:14,760 Speaker 1: at the CNN Center or the Olympic Center Square or 40 00:02:14,760 --> 00:02:18,280 Speaker 1: whatever it's called, But when were you in downtown Atlanta 41 00:02:18,880 --> 00:02:21,640 Speaker 1: last and you know, at one o'clock in the morning, 42 00:02:21,720 --> 00:02:24,320 Speaker 1: you were like Jiminy Christmas, I'd like to go grocery shopping, 43 00:02:25,240 --> 00:02:27,160 Speaker 1: or I'd like to just leave the hotel and just 44 00:02:27,200 --> 00:02:29,160 Speaker 1: go you know, just go for a jog at two 45 00:02:29,160 --> 00:02:30,040 Speaker 1: o'clock in the morning. 46 00:02:30,880 --> 00:02:32,160 Speaker 2: Yeah. I wouldn't do it either. 47 00:02:33,480 --> 00:02:37,160 Speaker 1: I wonder why there aren't any major grocery chains in 48 00:02:37,240 --> 00:02:39,080 Speaker 1: downtown Atlanta. 49 00:02:40,480 --> 00:02:40,679 Speaker 2: Yeah. 50 00:02:40,760 --> 00:02:43,840 Speaker 1: The next sentence in the first paragraph says this, to 51 00:02:43,919 --> 00:02:47,679 Speaker 1: make that happen, you know, in other words, to make 52 00:02:47,720 --> 00:02:52,160 Speaker 1: this grocery store in Atlanta happen, the city. 53 00:02:52,360 --> 00:02:54,320 Speaker 2: No, wait a minute, the city didn't do this. 54 00:02:54,400 --> 00:02:57,720 Speaker 1: It says, the city contributed eight million dollars in cash 55 00:02:57,760 --> 00:03:02,119 Speaker 1: and other grants. The city did not do that. The 56 00:03:02,160 --> 00:03:07,640 Speaker 1: taxpayers in Atlanta did that. Yeah, they So everybody's that 57 00:03:07,760 --> 00:03:11,600 Speaker 1: lives in anywhere in Atlanta doesn't make many difference whether 58 00:03:11,600 --> 00:03:15,240 Speaker 1: you're in downtown or you're you know, on the prefer somewhere. 59 00:03:16,040 --> 00:03:20,840 Speaker 1: You if you pay Atlanta taxes, then you helped pay 60 00:03:20,919 --> 00:03:22,360 Speaker 1: for this grocery store. 61 00:03:24,080 --> 00:03:25,040 Speaker 2: Now, this twenty. 62 00:03:24,760 --> 00:03:26,880 Speaker 1: Thousand square foot store is the beginning of what officials 63 00:03:26,919 --> 00:03:32,280 Speaker 1: hope will be will be more publicly funded but privately 64 00:03:32,360 --> 00:03:36,080 Speaker 1: run supermarkets to come, because the goal, they write is 65 00:03:36,120 --> 00:03:39,560 Speaker 1: for the store to become profitable without any government subsidy 66 00:03:39,640 --> 00:03:42,440 Speaker 1: within three years. In other words, taxpayers not paying for it. 67 00:03:42,720 --> 00:03:45,920 Speaker 1: The city is already aiding the construction of a second 68 00:03:46,040 --> 00:03:49,880 Speaker 1: plan store six miles away, expected to open next year. 69 00:03:52,160 --> 00:03:57,840 Speaker 1: This is insane, absolutely insane government subsidized grocery stores like 70 00:03:57,880 --> 00:04:01,680 Speaker 1: Atlanta's Aziya fresh Market. This is a clear case case 71 00:04:01,680 --> 00:04:05,120 Speaker 1: study in the tensions, and I think the practical challenges 72 00:04:05,400 --> 00:04:08,920 Speaker 1: of public intervention, of government intervention in markets that are 73 00:04:09,000 --> 00:04:13,760 Speaker 1: already covered by private enterprise. So let's go to an 74 00:04:13,800 --> 00:04:16,719 Speaker 1: in depth analysis that I want to address the fundamental 75 00:04:16,720 --> 00:04:21,400 Speaker 1: market fallacies behind these kind of back crazy, you know, 76 00:04:21,520 --> 00:04:26,839 Speaker 1: back crazy experiments, the requirements for self sustainability, in other words, 77 00:04:26,839 --> 00:04:28,280 Speaker 1: how do you how do you keep this thing open 78 00:04:28,320 --> 00:04:32,359 Speaker 1: without subsidies? The history has similar attempts than in this country, 79 00:04:33,279 --> 00:04:36,200 Speaker 1: and quite frankly, the broader question of government's proper role 80 00:04:36,480 --> 00:04:43,000 Speaker 1: in retail food distribution. Man, we've got government run schools, 81 00:04:43,279 --> 00:04:45,719 Speaker 1: and can we see how well those are working? Just 82 00:04:45,720 --> 00:04:48,320 Speaker 1: look at test scores. And now you want to think 83 00:04:48,320 --> 00:04:51,760 Speaker 1: about what's the broader question of the government's proper role 84 00:04:52,080 --> 00:04:55,240 Speaker 1: in retail food distribution. What are we all going to do? 85 00:04:55,320 --> 00:04:55,520 Speaker 2: Now? 86 00:04:55,640 --> 00:05:00,760 Speaker 1: Just start getting calorie you know, caloric allocations, food stamps. 87 00:05:00,880 --> 00:05:04,320 Speaker 1: You'll get calorie stamps so you can decide. I mean, 88 00:05:04,320 --> 00:05:06,760 Speaker 1: you're only allotted. You know, what, do you need a 89 00:05:06,800 --> 00:05:09,279 Speaker 1: lot of places post? You know, the average mail needs 90 00:05:09,279 --> 00:05:11,120 Speaker 1: two thousand calories a day to survive. 91 00:05:11,400 --> 00:05:12,839 Speaker 2: So you can get a calorie stamp. 92 00:05:12,839 --> 00:05:15,000 Speaker 1: Now they don't care how you, you know, spend your 93 00:05:15,040 --> 00:05:17,200 Speaker 1: calorie stamp. But you know, so if you want to 94 00:05:17,200 --> 00:05:19,640 Speaker 1: do it all on candy bars and potato chips and 95 00:05:20,000 --> 00:05:22,480 Speaker 1: you know, you know fully let in Coca cola, well 96 00:05:22,480 --> 00:05:24,920 Speaker 1: then have at it. But if you want broccoli and 97 00:05:25,000 --> 00:05:28,000 Speaker 1: asparagus and some you know, a really nice bone in 98 00:05:28,080 --> 00:05:32,680 Speaker 1: Rabbi steak or whatever, now you can't do that. Why 99 00:05:33,400 --> 00:05:37,800 Speaker 1: Why do you think these subsidized stores struggle? Because there's 100 00:05:37,839 --> 00:05:42,120 Speaker 1: a primary fallacy in assuming that publicly, publicly funded grocery 101 00:05:42,120 --> 00:05:47,039 Speaker 1: stores can somehow become profitable and self sustaining. And that 102 00:05:47,279 --> 00:05:51,120 Speaker 1: lies in a complete misunderstanding of the market forces that 103 00:05:51,240 --> 00:05:55,560 Speaker 1: drive private retailers away from servant certain neighborhoods. Have you 104 00:05:55,640 --> 00:05:59,960 Speaker 1: thought about why that it's been six years that nobody 105 00:06:00,200 --> 00:06:05,120 Speaker 1: been in downtown Atlanta? Have you thought about that a 106 00:06:05,200 --> 00:06:09,480 Speaker 1: market operator, you know, whether it's a major change, a 107 00:06:09,520 --> 00:06:11,360 Speaker 1: major chain, you know, like it like a safe way. 108 00:06:11,640 --> 00:06:14,200 Speaker 1: I don't really know. I think probably publics is down 109 00:06:14,240 --> 00:06:20,240 Speaker 1: in Atlanta. Major chains are an entrepreneurial, independent grocery store. 110 00:06:21,160 --> 00:06:24,400 Speaker 1: They make their location decisions based on factors like, well, 111 00:06:24,440 --> 00:06:28,120 Speaker 1: what's the disposable income in that neighborhood, what's the local demand, 112 00:06:28,640 --> 00:06:32,520 Speaker 1: what's the risk of theft and crime, and what are 113 00:06:32,560 --> 00:06:36,599 Speaker 1: going to be my operating costs? What are the costs 114 00:06:36,600 --> 00:06:41,080 Speaker 1: of operating in this particular geographic area. So when government 115 00:06:41,120 --> 00:06:45,560 Speaker 1: officials feel so called food deserts by subsidizing grocery stores, 116 00:06:46,320 --> 00:06:50,440 Speaker 1: they don't even deal with those core economic realities. It's 117 00:06:50,480 --> 00:06:53,440 Speaker 1: not even part of their consideration. They just here, here's 118 00:06:53,480 --> 00:06:56,960 Speaker 1: eight million dollars. You know, cash and grants. I mean, 119 00:06:57,200 --> 00:07:00,160 Speaker 1: what's the what's the difference between cash and grant? You 120 00:07:00,240 --> 00:07:01,760 Speaker 1: give them the cash or give them a grant, and 121 00:07:01,800 --> 00:07:03,520 Speaker 1: the grant's not something you have to pay back, so 122 00:07:03,560 --> 00:07:05,559 Speaker 1: it's not alone. So you just gave them eight million 123 00:07:05,560 --> 00:07:09,680 Speaker 1: dollars a taxpayer money. They got eight million dollars in 124 00:07:09,680 --> 00:07:12,560 Speaker 1: public cash and grants. But the officials hope it will 125 00:07:12,600 --> 00:07:16,840 Speaker 1: become profitable within three years despite opening in a location 126 00:07:17,000 --> 00:07:21,600 Speaker 1: where private grocers have historically failed to make sustainable returns. 127 00:07:22,520 --> 00:07:23,800 Speaker 2: So the risks. 128 00:07:24,880 --> 00:07:27,920 Speaker 1: Think about the risk of operating in that area, low 129 00:07:28,000 --> 00:07:33,640 Speaker 1: spend per trip, high security costs, and uneven demand. Now 130 00:07:33,680 --> 00:07:35,840 Speaker 1: do you think that's going to disappear simply because the 131 00:07:35,880 --> 00:07:41,120 Speaker 1: taxpayers are paying for it? No, they simply get postponed. 132 00:07:42,320 --> 00:07:46,360 Speaker 1: Kansas City Grade is a great example of that. Kansas 133 00:07:46,400 --> 00:07:50,720 Speaker 1: City public investment of eighteen million dollars over a decade 134 00:07:51,240 --> 00:07:54,640 Speaker 1: did not make a city funder grocery soourrece sustainable and 135 00:07:54,680 --> 00:07:59,040 Speaker 1: it ultimately closed because of crime and a dwindling customer base. 136 00:08:00,320 --> 00:08:03,880 Speaker 1: So don't you think that if if you look at 137 00:08:03,920 --> 00:08:05,720 Speaker 1: an area you look at you look at downtown Denver, 138 00:08:05,920 --> 00:08:07,640 Speaker 1: or you look at now there actually is a grocery 139 00:08:07,680 --> 00:08:11,160 Speaker 1: store in downtown Denver. I think that there is. I 140 00:08:11,160 --> 00:08:13,760 Speaker 1: think there's a King Super still in Spirit Boulevard somewhere. 141 00:08:14,360 --> 00:08:16,000 Speaker 1: I haven't been there in ages and ages, but I 142 00:08:16,040 --> 00:08:19,080 Speaker 1: think there's one still there. If you consider that area 143 00:08:19,200 --> 00:08:23,160 Speaker 1: still part of downtown Denver, have you thought or take 144 00:08:23,160 --> 00:08:26,760 Speaker 1: Atlanta or downtown Chicago. I don't care, just in any 145 00:08:26,800 --> 00:08:30,320 Speaker 1: downtown area, any central business district. 146 00:08:30,080 --> 00:08:31,360 Speaker 2: Any CBD. 147 00:08:32,040 --> 00:08:36,080 Speaker 1: If the problem is that the private companies don't want 148 00:08:36,120 --> 00:08:38,880 Speaker 1: to go there because the low spin per trip, the 149 00:08:38,960 --> 00:08:43,120 Speaker 1: high security costs and uneven demand. Well, what's probably the 150 00:08:43,120 --> 00:08:48,400 Speaker 1: most what's the largest actor in that probably the security costs, 151 00:08:48,800 --> 00:08:54,840 Speaker 1: the crime, the theft, the pilfering, the losses. So wouldn't 152 00:08:54,840 --> 00:08:58,520 Speaker 1: it make more sense for the government to fulfill one 153 00:08:58,559 --> 00:09:06,680 Speaker 1: of its core functions, which is policing, crime prevention, crime investigations, 154 00:09:06,760 --> 00:09:11,280 Speaker 1: just basic policing. That's one of the things that the 155 00:09:11,320 --> 00:09:14,120 Speaker 1: citizens of Atlanta or the citizens of Denver pay for, 156 00:09:14,600 --> 00:09:18,520 Speaker 1: is to have an effective police department. So without that, 157 00:09:19,200 --> 00:09:22,240 Speaker 1: what is it giving eight million dollars to somebody else 158 00:09:22,280 --> 00:09:23,400 Speaker 1: to open the grocery store? 159 00:09:23,679 --> 00:09:24,199 Speaker 2: How does that. 160 00:09:24,200 --> 00:09:27,360 Speaker 1: Alleviate one of those market factors that kept the private 161 00:09:27,440 --> 00:09:31,440 Speaker 1: sector out? So what would you have to have in 162 00:09:31,559 --> 00:09:35,599 Speaker 1: order for this grocery store to become profitable or sustainable? 163 00:09:36,360 --> 00:09:39,240 Speaker 1: So for a government backed grocery store to stand on 164 00:09:39,280 --> 00:09:43,200 Speaker 1: its own, it's going to have to generate consistent customer 165 00:09:43,280 --> 00:09:47,480 Speaker 1: volume with adequate basket size. In other words, everyone comes 166 00:09:47,480 --> 00:09:51,959 Speaker 1: in and enough goods are sold per trip to cover 167 00:09:52,000 --> 00:09:54,600 Speaker 1: the fixed and all the variable costs that you have 168 00:09:55,000 --> 00:09:58,839 Speaker 1: in operating. Because remember, I don't care where the money 169 00:09:58,840 --> 00:10:02,040 Speaker 1: comes from. I do care, but it doesn't make any 170 00:10:02,040 --> 00:10:04,840 Speaker 1: difference where the money comes from because you still have 171 00:10:04,920 --> 00:10:08,360 Speaker 1: the same basic problems. You're gonna have to provide security 172 00:10:08,400 --> 00:10:11,520 Speaker 1: unless you just are gonna give here, here's eight million dollars, 173 00:10:11,800 --> 00:10:15,559 Speaker 1: open your giant grocery store and then don't provide any security, 174 00:10:15,720 --> 00:10:18,959 Speaker 1: and everybody else's, you know, continue to steal everything. And 175 00:10:19,040 --> 00:10:23,160 Speaker 1: so you'll once again either have the embedded cost that 176 00:10:23,200 --> 00:10:26,040 Speaker 1: you'll have to put in to you know, put everything behind, 177 00:10:26,080 --> 00:10:28,400 Speaker 1: you know, a plastic shield, you know, so that you 178 00:10:28,440 --> 00:10:31,160 Speaker 1: can't get into it, or you're gonna have to have 179 00:10:31,200 --> 00:10:34,360 Speaker 1: a lot of security people or more policemen you know, 180 00:10:34,400 --> 00:10:37,400 Speaker 1: out in the parking lots or patrolling inside to prevent 181 00:10:37,440 --> 00:10:40,400 Speaker 1: the crime, to prevent the theft. So you're gonna have 182 00:10:40,520 --> 00:10:44,559 Speaker 1: to manage the shrinkage, whether it's from theft or from spoilage, 183 00:10:45,240 --> 00:10:48,959 Speaker 1: at the same levels competitive with the private enterprise that 184 00:10:49,000 --> 00:10:52,760 Speaker 1: doesn't go away. Those facts remain the same on the ground. 185 00:10:53,600 --> 00:10:56,120 Speaker 1: And then think about this, they're pricing and supply chain 186 00:10:56,200 --> 00:10:58,400 Speaker 1: leverage is going to have to at least match or 187 00:10:58,440 --> 00:11:01,679 Speaker 1: beat all the neighboring stores, including the discount chains and 188 00:11:01,720 --> 00:11:05,200 Speaker 1: all the little mom and pop corner markets which became 189 00:11:05,200 --> 00:11:07,280 Speaker 1: you know, the little bodegas that you'll see in a 190 00:11:07,320 --> 00:11:09,480 Speaker 1: major city like Atlanta, New York. I'm not sure we 191 00:11:09,520 --> 00:11:12,600 Speaker 1: really really have any of bodegas in Denver. But most critically, 192 00:11:12,800 --> 00:11:16,120 Speaker 1: it's going to have to turn a profit without ongoing 193 00:11:16,600 --> 00:11:20,760 Speaker 1: municipal taxes, meaning that all of the operating expenses are 194 00:11:20,760 --> 00:11:23,760 Speaker 1: going to have to be covered by sales without subsidies 195 00:11:23,840 --> 00:11:27,800 Speaker 1: or reduced rent or now we're on a new pathway 196 00:11:28,280 --> 00:11:31,800 Speaker 1: of spending a lot of taxpayer money on something that's 197 00:11:31,840 --> 00:11:37,000 Speaker 1: better handled by the private sector. Now, currently this Azalea 198 00:11:37,080 --> 00:11:40,720 Speaker 1: Fresh Market relies on city funds to subsidize their operations 199 00:11:40,760 --> 00:11:44,480 Speaker 1: and the construction. Essentially right now, they're operating at a loss, 200 00:11:45,480 --> 00:11:49,120 Speaker 1: but they're touting all these early sales trends, but we 201 00:11:49,160 --> 00:11:53,400 Speaker 1: don't know about consistency yet, because without consistent larger footprint 202 00:11:53,440 --> 00:11:58,280 Speaker 1: purchases and community buy in, all that profitability that they 203 00:11:58,320 --> 00:12:02,000 Speaker 1: claim really early in the process, where it is, you know, 204 00:12:02,080 --> 00:12:04,920 Speaker 1: you don't how it's profitable. Because they don't have to 205 00:12:04,920 --> 00:12:08,320 Speaker 1: worry about revenue. The revenue came from the taxpayers, so 206 00:12:08,360 --> 00:12:12,040 Speaker 1: they don't care what something sells for. Government run stores 207 00:12:12,320 --> 00:12:17,080 Speaker 1: in Southwest Atlanta face even greater challenges why because disposable 208 00:12:17,120 --> 00:12:20,960 Speaker 1: income is lower and previous private grocers collapse because of 209 00:12:21,360 --> 00:12:27,080 Speaker 1: insufficient demand. How does eight million dollars of taxpayer money 210 00:12:27,480 --> 00:12:32,160 Speaker 1: create demand. Well, it's artificial demand and it's not sustainable. 211 00:12:33,000 --> 00:12:34,959 Speaker 1: And we know that in the past other places have 212 00:12:35,040 --> 00:12:39,160 Speaker 1: tried to do this too. These attempts to create these municipal, 213 00:12:39,200 --> 00:12:42,280 Speaker 1: nonprofit or public grocery stores kills back decades. 214 00:12:43,280 --> 00:12:45,520 Speaker 2: Let me give you an example. Let me give you 215 00:12:45,559 --> 00:12:50,120 Speaker 2: a few examples. Kansas City, Missouri, they funded their city 216 00:12:50,120 --> 00:12:55,680 Speaker 2: funded store closed after ten years and eighteen million dollars 217 00:12:56,440 --> 00:13:02,319 Speaker 2: that they invested from taxpayers because of crime and declining shoppers. 218 00:13:02,760 --> 00:13:05,040 Speaker 2: You see, the reality on the ground is. 219 00:13:05,000 --> 00:13:07,640 Speaker 1: Going to remain the same unless you do something to 220 00:13:07,760 --> 00:13:10,280 Speaker 1: change the reality on the ground. But if you change 221 00:13:10,280 --> 00:13:12,200 Speaker 1: the reality on the ground by actually doing what your 222 00:13:12,240 --> 00:13:16,800 Speaker 1: government responsibility is, like preventing crime, making sure there's enough 223 00:13:16,880 --> 00:13:20,720 Speaker 1: effective police in a particular area, then the reality of 224 00:13:20,800 --> 00:13:24,680 Speaker 1: crime will not disappear. So just like in Kansas City, 225 00:13:24,679 --> 00:13:26,960 Speaker 1: you're going to spend eighteen million dollars, who knows what 226 00:13:27,000 --> 00:13:31,120 Speaker 1: Atlanta will spend, and they'll still go down the crapper. Madison, 227 00:13:31,200 --> 00:13:34,480 Speaker 1: Wisconsin one of the most liberal places in the entire country. 228 00:13:34,760 --> 00:13:37,880 Speaker 1: It makes Bolver, Colorado look like you know conservative you 229 00:13:37,880 --> 00:13:43,319 Speaker 1: know Conservativeville, they have plans underway. But also in Wisconsin, 230 00:13:43,520 --> 00:13:47,840 Speaker 1: similar towns fail or struggle to maintain viable public grocery outlets. 231 00:13:48,200 --> 00:13:51,920 Speaker 1: So Madison, Wisconsin, you'll fail too. And then you had 232 00:13:51,960 --> 00:13:55,240 Speaker 1: some small town Baltimore City, Kansas is a good example. 233 00:13:55,880 --> 00:13:58,000 Speaker 1: But there's been a lot of experiments with public or 234 00:13:58,040 --> 00:14:03,760 Speaker 1: nonprofit stores that always and in closure. It's just like socialism. 235 00:14:04,760 --> 00:14:06,760 Speaker 1: Oh well, we've just never done the right way. Well, 236 00:14:06,760 --> 00:14:09,200 Speaker 1: you just never tried it the way right way, Michael, 237 00:14:09,200 --> 00:14:11,240 Speaker 1: You're just full of crap because you know we understand 238 00:14:11,240 --> 00:14:13,599 Speaker 1: that we just never we th is going to do 239 00:14:13,640 --> 00:14:16,440 Speaker 1: it the right way. Really, what's Atlanta doing any different 240 00:14:16,480 --> 00:14:19,480 Speaker 1: than what Kansas City did or Madison, Wisconsin, for that matter, 241 00:14:19,480 --> 00:14:23,040 Speaker 1: of Baldwin City, Kansas. They're not doing anything different. In 242 00:14:23,120 --> 00:14:29,240 Speaker 1: almost every single case, these stores lose momentum because the 243 00:14:29,240 --> 00:14:34,680 Speaker 1: initial city support begins to fade away. It rarely achieves 244 00:14:34,720 --> 00:14:37,880 Speaker 1: the volume, well the cost advantages that are necessary to 245 00:14:37,920 --> 00:14:42,400 Speaker 1: compete with existing retailers. And then I would add, I 246 00:14:42,480 --> 00:14:45,960 Speaker 1: mean I don't use mass transit, not not locally anyway. 247 00:14:46,800 --> 00:14:48,520 Speaker 2: I mean I will if I'm in Europe, I might 248 00:14:48,560 --> 00:14:50,240 Speaker 2: if I'm in DC, but. 249 00:14:51,960 --> 00:14:55,880 Speaker 1: They have supposedly light ray. In fact, I don't know supposedly. 250 00:14:55,880 --> 00:14:58,560 Speaker 1: In fact, I know because I've written the train in Atlanta. 251 00:14:59,000 --> 00:15:03,080 Speaker 1: So they have public facilities to get people if they 252 00:15:03,080 --> 00:15:05,440 Speaker 1: want to go somewhere to do their grocery stopping. I 253 00:15:05,560 --> 00:15:08,960 Speaker 1: understand it's inconvenient, but then maybe you ought to be 254 00:15:09,040 --> 00:15:12,520 Speaker 1: demanding that crime in your area be reduced so that 255 00:15:12,600 --> 00:15:15,600 Speaker 1: there's an incentive for a King Supers or a Safeway 256 00:15:15,720 --> 00:15:18,160 Speaker 1: or a Heris Teeter or somebody else or a public's 257 00:15:18,160 --> 00:15:20,120 Speaker 1: to come and move into your downtown area. 258 00:15:21,520 --> 00:15:26,120 Speaker 2: But you what really bugs me about this Mission creep. 259 00:15:26,920 --> 00:15:32,760 Speaker 1: What's the government's role and the issue of Mission creep. Municipal, state, 260 00:15:32,800 --> 00:15:37,120 Speaker 1: federal governments have a legitimate role in ensuring public health 261 00:15:37,120 --> 00:15:41,320 Speaker 1: and welfare, you know, in order to support the general 262 00:15:41,360 --> 00:15:44,640 Speaker 1: welfare of this, you know, the country. But that doesn't 263 00:15:44,680 --> 00:15:49,080 Speaker 1: mean literally welfare, and it doesn't mean that you have 264 00:15:49,160 --> 00:15:50,360 Speaker 1: to provide everything. 265 00:15:50,640 --> 00:15:51,680 Speaker 2: So groceries. 266 00:15:52,280 --> 00:15:58,200 Speaker 1: Food obviously is a necessity, so is water, and water 267 00:15:58,320 --> 00:16:02,240 Speaker 1: is something that is provided by municipal government, but so 268 00:16:02,400 --> 00:16:06,200 Speaker 1: is clothing. You know, it was it was a little 269 00:16:06,240 --> 00:16:08,280 Speaker 1: chilly when I walked the dogs at about six o'clock 270 00:16:08,320 --> 00:16:10,720 Speaker 1: this morning. It was like, you know, thirty five degrees, 271 00:16:10,760 --> 00:16:13,560 Speaker 1: slight breeze, kind of cool. In fact, it was just 272 00:16:13,600 --> 00:16:15,600 Speaker 1: like it wasn't colder than a weld digger's ass, but 273 00:16:15,600 --> 00:16:15,800 Speaker 1: it was. 274 00:16:15,880 --> 00:16:20,480 Speaker 2: It was fairly cold. Clothing was necessary. 275 00:16:20,800 --> 00:16:22,800 Speaker 1: I needed a you know, I needed to jacket on 276 00:16:22,960 --> 00:16:24,760 Speaker 1: a little you know, a little hoodie and some gloves 277 00:16:24,840 --> 00:16:26,520 Speaker 1: and I walk the dogs. Well, why couldn't I go 278 00:16:26,560 --> 00:16:30,600 Speaker 1: to a government run clothing store to get those? When 279 00:16:30,600 --> 00:16:35,880 Speaker 1: government uses taxpayer money to subsidize grocery stores, that ends 280 00:16:35,960 --> 00:16:39,760 Speaker 1: up distorting the local market. It risks wasting public money 281 00:16:39,800 --> 00:16:44,960 Speaker 1: on ventures that are unlikely to succeed without continuing support. 282 00:16:45,400 --> 00:16:47,560 Speaker 1: So it's it it And then that feeds into the 283 00:16:47,600 --> 00:16:51,360 Speaker 1: mission creep, because once you start doing this, when do 284 00:16:51,440 --> 00:16:57,560 Speaker 1: you stop? The mission creep moves governments beyond basic service provisions, 285 00:16:57,560 --> 00:17:01,920 Speaker 1: public safety, utilities, infrastructure, and moves it into sectors where 286 00:17:02,040 --> 00:17:06,840 Speaker 1: robust private competition already exists. And the argument that private 287 00:17:06,920 --> 00:17:11,440 Speaker 1: change do not adequately serve poor neighborhoods that ignores alternative 288 00:17:11,520 --> 00:17:17,640 Speaker 1: interventions targeted food assistance, zoning reform, incentivizing private expansion through 289 00:17:17,800 --> 00:17:23,760 Speaker 1: maybe temporary tax credits, or actually law enforcement actually enforcing 290 00:17:23,800 --> 00:17:27,199 Speaker 1: the laws to make the neighborhood safe so that private 291 00:17:27,240 --> 00:17:31,520 Speaker 1: sector can move back in. You're still at A maybe 292 00:17:31,560 --> 00:17:34,280 Speaker 1: a B minus or so. If you want me to 293 00:17:34,320 --> 00:17:38,359 Speaker 1: read text messages, the number for this program, like for 294 00:17:38,400 --> 00:17:42,960 Speaker 1: the weekend program, is three three one zero three three 295 00:17:43,040 --> 00:17:46,720 Speaker 1: three one zero three. Keyword micro Michael, A Couple of 296 00:17:46,720 --> 00:17:49,600 Speaker 1: Good Ones ninety seven, ninety eight rights Michael. I used 297 00:17:49,640 --> 00:17:51,480 Speaker 1: to live in the apartment's right over the King Supers 298 00:17:51,520 --> 00:17:52,560 Speaker 1: at thirteenth in Spear. 299 00:17:53,359 --> 00:17:56,679 Speaker 2: It was awesome. I could walk to work. 300 00:17:57,080 --> 00:17:59,680 Speaker 1: At an oil and gas company at seventeenth in Tremont. 301 00:18:00,040 --> 00:18:01,240 Speaker 2: I would never do that today. 302 00:18:01,480 --> 00:18:03,720 Speaker 1: I saw the other day that they changed the apartments 303 00:18:03,760 --> 00:18:07,240 Speaker 1: there into offices for Denver Health. There's also a King 304 00:18:07,280 --> 00:18:11,840 Speaker 1: Supers around twentieth and Chestnut. Think about the City of 305 00:18:11,880 --> 00:18:14,800 Speaker 1: Denver's plans to take a lot of the empty office 306 00:18:14,800 --> 00:18:18,680 Speaker 1: space and turn it into air quotes here affordable housing. 307 00:18:19,640 --> 00:18:19,880 Speaker 2: Yes. 308 00:18:21,680 --> 00:18:24,840 Speaker 1: Can you imagine they took all the apartment complexes around 309 00:18:24,920 --> 00:18:27,800 Speaker 1: the King Supers that was on Spear and turn that 310 00:18:27,840 --> 00:18:30,040 Speaker 1: into affordable housing. How long do you think the King 311 00:18:30,119 --> 00:18:33,639 Speaker 1: Supers at Spear would remain intact? Or the one around 312 00:18:33,680 --> 00:18:36,720 Speaker 1: twentieth in Chestnut. I'm not familiar with that one. I 313 00:18:36,760 --> 00:18:42,800 Speaker 1: think guber number twelve sixty four rights local goober number. No, 314 00:18:42,880 --> 00:18:45,120 Speaker 1: your goober numbers not thirty three, thirty three, thirty three, 315 00:18:45,119 --> 00:18:48,760 Speaker 1: your goober numbers one two sixty four. You're twelve sixty four. 316 00:18:49,240 --> 00:18:54,159 Speaker 1: Get your goober number right, or seek help, get some 317 00:18:54,280 --> 00:18:57,240 Speaker 1: therapy rights and a local bodega owner. 318 00:18:57,280 --> 00:18:59,960 Speaker 2: I got a bodega owner. Yay, tell me how. 319 00:18:59,880 --> 00:19:03,159 Speaker 1: The operations this is such a this is this shows 320 00:19:03,240 --> 00:19:07,680 Speaker 1: me this text message that you understand the difference between 321 00:19:07,720 --> 00:19:10,520 Speaker 1: the public sector and the private sector. Because listen to 322 00:19:10,520 --> 00:19:14,200 Speaker 1: what guber number twelve sixty four rights as a bodega owner. Now, 323 00:19:14,280 --> 00:19:18,400 Speaker 1: just tell me how these operations handle regulatory burden. What 324 00:19:18,520 --> 00:19:23,440 Speaker 1: exemptions do they get from licensing, certification requirements, record keeping, 325 00:19:23,520 --> 00:19:27,120 Speaker 1: employment requirements, EPA, et cetera. Do they get to offer 326 00:19:27,160 --> 00:19:30,320 Speaker 1: them pair of benefits to entry level jobs? Think about that, 327 00:19:30,440 --> 00:19:33,119 Speaker 1: a government run grocery store in Colorado. Now you're a 328 00:19:33,160 --> 00:19:36,760 Speaker 1: government employee, so guess what you'll get onto the Public 329 00:19:36,800 --> 00:19:38,280 Speaker 1: Employees Retirement Association. 330 00:19:38,520 --> 00:19:39,280 Speaker 2: That fantastic. 331 00:19:39,680 --> 00:19:43,600 Speaker 1: Yes, you see, this is the mission creep I'm talking about. 332 00:19:43,720 --> 00:19:46,680 Speaker 1: And here's a budega owner already complaining and thinking about 333 00:19:46,680 --> 00:19:49,760 Speaker 1: wait a minute, I got to comply with this, this, this, this, 334 00:19:49,800 --> 00:19:52,679 Speaker 1: and this. Who's going to make that you know, government 335 00:19:52,720 --> 00:19:56,080 Speaker 1: run grocery store comply with all the same rules and regulations. 336 00:19:57,200 --> 00:19:59,560 Speaker 1: I think it might be a great opportunity. They write 337 00:19:59,640 --> 00:20:02,200 Speaker 1: to move young minds full of mush. Gosh, I love 338 00:20:02,200 --> 00:20:04,880 Speaker 1: that phrase. Aren't you missing to young? To move young 339 00:20:05,000 --> 00:20:08,240 Speaker 1: minds full of mush that can't count change with both 340 00:20:08,280 --> 00:20:12,919 Speaker 1: hands and toes into lifelong employment. Yes, they could just 341 00:20:12,960 --> 00:20:16,080 Speaker 1: go to work for the government grocery store, become in essence, 342 00:20:16,119 --> 00:20:19,359 Speaker 1: a new like a food bureau crat. We'll just call 343 00:20:19,400 --> 00:20:23,240 Speaker 1: them food bureaucrats, and they'll get you know, a wonderful 344 00:20:23,280 --> 00:20:26,000 Speaker 1: pension program. And of course they'll be on a track 345 00:20:26,080 --> 00:20:28,399 Speaker 1: no matter how good or bad they do their job. 346 00:20:28,760 --> 00:20:30,840 Speaker 1: They'll be on a track just like a regular you know, 347 00:20:30,920 --> 00:20:34,440 Speaker 1: civil servant to just get you know, regular pay raises. 348 00:20:34,920 --> 00:20:37,520 Speaker 1: But what happens if the local government shuts down like 349 00:20:37,560 --> 00:20:40,600 Speaker 1: the federal government does sometime, who's going to run the 350 00:20:40,640 --> 00:20:41,160 Speaker 1: grocery store? 351 00:20:41,200 --> 00:20:42,920 Speaker 2: Then? Uh? 352 00:20:43,080 --> 00:20:45,480 Speaker 1: I'm not sure how they're gonna deal with the biological 353 00:20:45,560 --> 00:20:50,359 Speaker 1: ability of dud y chromosomest types to count one to 354 00:20:50,480 --> 00:20:53,560 Speaker 1: count one more than x x without preferential treatment. 355 00:20:56,280 --> 00:20:56,639 Speaker 2: Touche. 356 00:20:57,440 --> 00:20:59,640 Speaker 1: So again, the text line for this program is three 357 00:20:59,680 --> 00:21:03,320 Speaker 1: three one zero three keyword Micromichael. But let's go back, 358 00:21:03,359 --> 00:21:07,119 Speaker 1: because that's a good segue into the whole idea of 359 00:21:07,680 --> 00:21:12,240 Speaker 1: Mission Creep because if you take the general welfare clause, 360 00:21:13,119 --> 00:21:15,200 Speaker 1: I don't think that there was ever any intention on 361 00:21:15,240 --> 00:21:18,159 Speaker 1: the founding fathers to think that, you know, to provide 362 00:21:18,160 --> 00:21:20,840 Speaker 1: for the general welfare meant that we need to provide 363 00:21:21,040 --> 00:21:24,640 Speaker 1: welfare for the general public, you know, a little play 364 00:21:24,640 --> 00:21:26,520 Speaker 1: on words there. I don't think that was the purpose 365 00:21:26,600 --> 00:21:29,560 Speaker 1: of it. And now they're going to go into direct 366 00:21:29,600 --> 00:21:34,240 Speaker 1: competition with private grocers, and that really is a problematic 367 00:21:34,359 --> 00:21:39,080 Speaker 1: expansion of government domain because if if you're going to 368 00:21:39,160 --> 00:21:44,000 Speaker 1: make the argument that food is a necessity, so therefore 369 00:21:44,080 --> 00:21:46,199 Speaker 1: the government must provide it, you know, kind of like 370 00:21:46,520 --> 00:21:49,680 Speaker 1: police protection. We all agree that we want law enforcement, 371 00:21:49,960 --> 00:21:53,480 Speaker 1: so we agree that that is an inherently government function, 372 00:21:54,000 --> 00:21:57,199 Speaker 1: law enforcement. And why do we think it's inherently governmental 373 00:21:58,240 --> 00:22:05,080 Speaker 1: because we want that function to treat everybody equally. It's 374 00:22:05,119 --> 00:22:09,240 Speaker 1: like when you have a publicly provided utility like water 375 00:22:09,320 --> 00:22:13,800 Speaker 1: and sewer. We want everybody to treat it absolutely equally, 376 00:22:14,160 --> 00:22:16,320 Speaker 1: and we don't do it for a profit. We do 377 00:22:16,400 --> 00:22:18,960 Speaker 1: it so that we can maintain you know, we do it. 378 00:22:19,440 --> 00:22:21,200 Speaker 1: I don't want to use the word profit. That we 379 00:22:21,320 --> 00:22:25,160 Speaker 1: charge a rate that means that we can reinvest capital 380 00:22:25,200 --> 00:22:28,320 Speaker 1: to keep the infrastructure up to date, keep it working, 381 00:22:28,640 --> 00:22:31,400 Speaker 1: and of course allow for growth and if we need 382 00:22:31,560 --> 00:22:35,280 Speaker 1: if you're in a place where that's growing rapidly, then 383 00:22:35,320 --> 00:22:38,480 Speaker 1: you might charge a developer, you know, the connection fees, 384 00:22:38,560 --> 00:22:42,320 Speaker 1: that sort of thing. So if we're going to go 385 00:22:42,400 --> 00:22:46,639 Speaker 1: down this path that suddenly we think that groceries are 386 00:22:46,640 --> 00:22:51,800 Speaker 1: an inherently government function, then I would posit what isn't 387 00:22:51,840 --> 00:22:58,600 Speaker 1: an inherently government function? Because I, you know, it's necessary, Well, 388 00:22:58,600 --> 00:23:00,960 Speaker 1: it's not really technically necessary. I suppose I could be 389 00:23:00,960 --> 00:23:04,080 Speaker 1: doing the program from my home studio if I wanted to, 390 00:23:04,840 --> 00:23:07,600 Speaker 1: But I like to be in the studio. So I 391 00:23:07,600 --> 00:23:10,680 Speaker 1: get up every morning and I drive to work. Is 392 00:23:10,720 --> 00:23:14,120 Speaker 1: it the government's responsibility to provide me transportation to get 393 00:23:14,119 --> 00:23:16,200 Speaker 1: to my job, which by the way, is a private 394 00:23:16,200 --> 00:23:19,400 Speaker 1: sector job. But it's necessary for me to be there, 395 00:23:20,200 --> 00:23:25,080 Speaker 1: and I need food, I need shelter. What about housing? 396 00:23:25,760 --> 00:23:27,720 Speaker 2: Is housing? You know you hear all. 397 00:23:27,560 --> 00:23:31,320 Speaker 1: Of these crazy ass liberals talk about how you know 398 00:23:31,440 --> 00:23:33,520 Speaker 1: such and such is a right, healthcare is a right, 399 00:23:34,680 --> 00:23:38,760 Speaker 1: Housing is a right, Groceries are a right, well so 400 00:23:38,920 --> 00:23:42,720 Speaker 1: is clothing. So it is just about everything if you 401 00:23:43,280 --> 00:23:47,240 Speaker 1: apply their logic. So this mission creep that really does 402 00:23:47,320 --> 00:23:52,760 Speaker 1: bug me moves governments beyond basic services like public safety, utilities, 403 00:23:52,800 --> 00:23:57,080 Speaker 1: and infrastructure and moves them into sectors where we already 404 00:23:57,119 --> 00:24:02,160 Speaker 1: have robust private competition, which provides us what that robust 405 00:24:02,200 --> 00:24:06,200 Speaker 1: private competition provides us, the ability think about this, We'll 406 00:24:06,240 --> 00:24:09,480 Speaker 1: think will the government run grocery store? For those of 407 00:24:09,520 --> 00:24:11,159 Speaker 1: you listen to me for a long time, know that 408 00:24:11,520 --> 00:24:14,600 Speaker 1: I like to use grocery stores as an example of 409 00:24:14,640 --> 00:24:20,639 Speaker 1: how capitalism really does work. Go to your local grocery store. 410 00:24:21,200 --> 00:24:22,960 Speaker 1: Since this is kind of a new audience, I know 411 00:24:23,040 --> 00:24:24,879 Speaker 1: many of you follow me over and I appreciate that, 412 00:24:25,720 --> 00:24:29,199 Speaker 1: but do one of my experiments. If you want to 413 00:24:29,240 --> 00:24:33,960 Speaker 1: understand how capitalism works, go into a Safeway, a Whole 414 00:24:33,960 --> 00:24:38,359 Speaker 1: Foods or King Soupers, and go to the bottled water 415 00:24:38,480 --> 00:24:43,199 Speaker 1: aisle and just stand at the end of it and 416 00:24:43,320 --> 00:24:45,359 Speaker 1: kind of glaze all the way. You know, your eyes 417 00:24:45,440 --> 00:24:48,120 Speaker 1: just kind of look down the entire aisle and then 418 00:24:48,240 --> 00:24:51,479 Speaker 1: just slowly walk down the aisle and look at the 419 00:24:51,520 --> 00:24:55,000 Speaker 1: plethora of different options you have for bottled water. 420 00:24:56,040 --> 00:24:57,480 Speaker 2: Why is that possible? 421 00:24:58,080 --> 00:25:02,600 Speaker 1: Because the private sector peats and they market and they 422 00:25:02,640 --> 00:25:05,840 Speaker 1: try to grab market share. And they do that by marketing, 423 00:25:05,920 --> 00:25:09,359 Speaker 1: by pricing, by you know, producing a product that's better 424 00:25:09,359 --> 00:25:11,200 Speaker 1: than the other product, or at least they try to 425 00:25:11,240 --> 00:25:12,160 Speaker 1: convince you that it is. 426 00:25:12,320 --> 00:25:15,080 Speaker 2: It's still bottled water. And you pay more for. 427 00:25:15,040 --> 00:25:16,520 Speaker 1: The bottle of water than you do for a gallon 428 00:25:16,560 --> 00:25:18,680 Speaker 1: of gas. Yeah, you bitch about the gallon of gas, 429 00:25:18,680 --> 00:25:20,280 Speaker 1: but you don't bitch about the gallon of water that 430 00:25:20,320 --> 00:25:24,080 Speaker 1: you pay for. I never understood that logic. Now, the 431 00:25:24,160 --> 00:25:29,600 Speaker 1: question then becomes what kind of different offerings was a 432 00:25:29,640 --> 00:25:31,440 Speaker 1: government run grocery store offer? 433 00:25:32,960 --> 00:25:36,720 Speaker 2: Oh? Just one, yes, the government branded water. 434 00:25:37,359 --> 00:25:40,320 Speaker 1: And then I would ask you do you really want 435 00:25:40,359 --> 00:25:44,560 Speaker 1: to drink water that is? I don't care whether they say, 436 00:25:44,600 --> 00:25:46,480 Speaker 1: you know, they can talk about it. Can Neil's Rocky 437 00:25:46,480 --> 00:25:49,359 Speaker 1: Mountain spring water, you know, like Coors hit it, we 438 00:25:49,560 --> 00:25:53,159 Speaker 1: trapped it as the snow melt came down, you know, 439 00:25:53,200 --> 00:25:57,360 Speaker 1: from the Indian Peaks wilderness. Do you really trust them 440 00:25:57,359 --> 00:26:01,520 Speaker 1: to do that or are they just gonna get recycled 441 00:26:01,560 --> 00:26:04,439 Speaker 1: water from you know, the sewer plant, and just you know, 442 00:26:04,520 --> 00:26:06,560 Speaker 1: put that it's brown water. 443 00:26:06,680 --> 00:26:08,280 Speaker 2: You may think it's whisky, but it's not. It's just 444 00:26:08,359 --> 00:26:09,040 Speaker 2: kind of brown water. 445 00:26:09,640 --> 00:26:11,960 Speaker 1: I don't think I necessarily want to trust the government 446 00:26:12,320 --> 00:26:15,360 Speaker 1: to provide me a product that I'm going to put 447 00:26:15,400 --> 00:26:18,000 Speaker 1: in my body, you know, kind of like. 448 00:26:18,840 --> 00:26:20,280 Speaker 2: Oh yeah, sort of co v too. 449 00:26:20,720 --> 00:26:23,720 Speaker 1: Yeah, that jab if they called a vaccine, which surely 450 00:26:23,760 --> 00:26:26,240 Speaker 1: wasn't a vaccine. But yet you're going to trust them 451 00:26:26,280 --> 00:26:28,600 Speaker 1: to put that kind of stuff into a grocery store. 452 00:26:28,920 --> 00:26:31,320 Speaker 1: You're some kind of stupid, really, some kind of stupid. 453 00:26:31,920 --> 00:26:38,440 Speaker 1: Public grocery ventures typically failed because they substitute for, rather 454 00:26:38,520 --> 00:26:44,480 Speaker 1: than supplement, private market mechanisms. They underestimate persistent operating challenges 455 00:26:44,520 --> 00:26:46,480 Speaker 1: they're going to have. Why do you think that there's 456 00:26:46,480 --> 00:26:48,920 Speaker 1: not a grocery store in a particular area now because 457 00:26:48,960 --> 00:26:52,240 Speaker 1: of the operating challenges, Because it doesn't make any economic sense, 458 00:26:52,400 --> 00:26:54,560 Speaker 1: but somehow the government coming in will make it make 459 00:26:54,600 --> 00:26:59,560 Speaker 1: economic sense. The repeated failure, I mean, the historical repeated 460 00:26:59,560 --> 00:27:05,520 Speaker 1: failure government run grocery stores is not incidental. It's not accidental. 461 00:27:05,880 --> 00:27:10,000 Speaker 1: It is fundamental. It is a result of persistent disregard 462 00:27:10,320 --> 00:27:18,360 Speaker 1: for the competitive market realities that govern food, retail, sustainable profitability, demands, discipline. 463 00:27:18,480 --> 00:27:20,320 Speaker 1: Now what you think about one of the demands in 464 00:27:20,359 --> 00:27:22,480 Speaker 1: the private sector, and then see if you can say that, 465 00:27:22,520 --> 00:27:26,720 Speaker 1: oh yeah, the government could do that too. Discipline, flexibility, 466 00:27:27,080 --> 00:27:31,960 Speaker 1: market calibrated operations, all of which are compromised when the 467 00:27:32,000 --> 00:27:35,399 Speaker 1: government steps in as an operator or a less or 468 00:27:35,480 --> 00:27:39,520 Speaker 1: or a financier. The proper, more effective role for public 469 00:27:39,560 --> 00:27:44,480 Speaker 1: policy is to incentivize, rather than replace, private innovation and expansion, 470 00:27:45,000 --> 00:27:48,679 Speaker 1: and you know, support residents access to food without distorting 471 00:27:48,720 --> 00:27:51,920 Speaker 1: the underlying market. If you got a food desert, maybe 472 00:27:51,920 --> 00:27:54,320 Speaker 1: you get an underlying problem that you really ought to address, 473 00:27:54,640 --> 00:27:56,840 Speaker 1: which more than likely than not is crime. 474 00:27:58,200 --> 00:27:58,399 Speaker 2: You know. 475 00:27:58,440 --> 00:28:00,760 Speaker 1: The closer we get to Thanksgiving, the crazy they all get. 476 00:28:01,560 --> 00:28:03,840 Speaker 1: But that's fine with me because I don't mind. I 477 00:28:03,840 --> 00:28:06,480 Speaker 1: don't mind a little bit of crazy you myself. Do 478 00:28:06,520 --> 00:28:10,600 Speaker 1: you remember the summer of mostly peaceful protests back in 479 00:28:10,640 --> 00:28:15,000 Speaker 1: twenty twenty well, a new court petition filed by former 480 00:28:15,080 --> 00:28:19,200 Speaker 1: Minneapolis police officer Derek Shaven remember him His defense team 481 00:28:19,560 --> 00:28:23,800 Speaker 1: accuses the Minnesota state prosecutors of misconduct during his trial 482 00:28:23,960 --> 00:28:24,680 Speaker 1: for the death. 483 00:28:24,440 --> 00:28:25,240 Speaker 2: Of George Floyd. 484 00:28:25,520 --> 00:28:28,919 Speaker 1: They resulted in those mostly peaceful protests in which we 485 00:28:28,960 --> 00:28:32,440 Speaker 1: saw this like CNN and MSNBC and the others reporting 486 00:28:32,480 --> 00:28:35,119 Speaker 1: about how this is really peaceful as the you know, 487 00:28:35,160 --> 00:28:39,760 Speaker 1: the local hardware store and the local auto shop, you know, 488 00:28:40,120 --> 00:28:41,640 Speaker 1: burned like crazy. 489 00:28:41,320 --> 00:28:43,440 Speaker 2: Behind them, Yes, that summer. 490 00:28:44,200 --> 00:28:47,320 Speaker 1: But what's interesting is this particular filing has gained a 491 00:28:47,360 --> 00:28:50,480 Speaker 1: lot of attention because it argues that the Minnesota Police 492 00:28:50,480 --> 00:28:56,040 Speaker 1: Department Inspectors Katie Blackwell's testimony, which was that the restraint 493 00:28:56,120 --> 00:28:59,480 Speaker 1: technique used by Darren Shaven was not standard practice, has 494 00:28:59,560 --> 00:29:03,479 Speaker 1: actually been contradicted by over fifty current and former police 495 00:29:03,520 --> 00:29:08,040 Speaker 1: officers of the Minnesota Police Department. According to sworn declarations 496 00:29:08,040 --> 00:29:12,280 Speaker 1: by the officers, blackwell statements do not align with the 497 00:29:12,320 --> 00:29:17,520 Speaker 1: Minneapolis Police departments procedures either then or now. And then 498 00:29:17,560 --> 00:29:21,880 Speaker 1: they claim that the pomonologist, doctor Martin Tobin, who testified 499 00:29:23,120 --> 00:29:27,200 Speaker 1: that he never performed an autopsy. He never examined George 500 00:29:27,240 --> 00:29:30,960 Speaker 1: Floyd's body, so how could he testify as to He 501 00:29:31,080 --> 00:29:33,640 Speaker 1: kept saying that the pressure on Floyd was akin to 502 00:29:33,720 --> 00:29:38,600 Speaker 1: being on the left side of an advice and contrast 503 00:29:38,680 --> 00:29:41,840 Speaker 1: that with the Hennepin County chief medical examiner who did 504 00:29:41,880 --> 00:29:45,240 Speaker 1: perform the autopsy, concluded that Floyd's death was because of 505 00:29:45,920 --> 00:29:53,560 Speaker 1: cardiac arrest, not asphyxiation. Now that discrepancy has further fueled 506 00:29:53,280 --> 00:29:57,080 Speaker 1: calls for a new trial. Now the prosecutors have forty 507 00:29:57,080 --> 00:29:59,960 Speaker 1: five days foul response. It was noted back in March, 508 00:30:00,040 --> 00:30:03,440 Speaker 1: the public competition advocating for Chauven to receive a pardon 509 00:30:03,440 --> 00:30:07,480 Speaker 1: from President Trump had more than five hundred thousand signatures. 510 00:30:08,320 --> 00:30:10,320 Speaker 1: I don't know that Trump would ever do this, but 511 00:30:10,400 --> 00:30:14,160 Speaker 1: I think this petition for a new trial is probably 512 00:30:14,240 --> 00:30:16,400 Speaker 1: one of the best petitions for a new trial that 513 00:30:16,440 --> 00:30:20,920 Speaker 1: I've seen. So you have a medical ponemonologist who testified that, oh, yeah, 514 00:30:20,880 --> 00:30:24,760 Speaker 1: it was because of the asphyxiation, Yet he never examined 515 00:30:25,040 --> 00:30:28,080 Speaker 1: the body, he didn't perform the autopsy, and the person 516 00:30:28,080 --> 00:30:32,080 Speaker 1: who actually performed the autopsy, the Henipen County Medical Examiner, 517 00:30:32,360 --> 00:30:37,040 Speaker 1: said he died not from cardiac He died from cardiac arrest, 518 00:30:37,440 --> 00:30:42,880 Speaker 1: not from asphyxiation. So then how could Darren Chauvin actually 519 00:30:42,920 --> 00:30:47,520 Speaker 1: be responsible for the death of George Floyd, for which 520 00:30:47,600 --> 00:30:52,520 Speaker 1: we paid a really heavy societal price. The truth eventually 521 00:30:52,600 --> 00:30:53,440 Speaker 1: makes its way out