Greens pitch Zohran Mamdani-style $25.1bn plan to nationalise 200 Coles and Woolworths supermarkets

The Greens have proposed a $25.1 billion plan to nationalise around 200 supermarkets owned by Coles and Woolworths. This plan aims to ease grocery prices by making supermarkets publicly owned. The proposal, inspired by a similar plan in New York, involves using new laws to force the divestiture of these supermarkets and replacing them with hundreds of government-owned grocery stores.

Why it matters

The proposed nationalisation of supermarkets could lead to lower grocery prices. This is because a publicly owned supermarket chain may be able to negotiate better deals with suppliers and reduce costs for consumers.

Market impact

Transmission channels

Likely winners & losers

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