Greens think tank proposes publicly owned supermarkets to challenge Coles
The Greens' research institute has proposed the creation of a publicly owned supermarket chain to compete with Coles and Woolworths. The plan aims to lower grocery costs for consumers by forcing the sale of existing supermarket assets.
Why it matters
This proposal addresses widespread public concern over the cost of living and the market dominance of major supermarket chains.
Coles and Woolworths each posted net profits of more than $1 billion for the most recent financial year. ( ABC News )
The Greens' research institute has called for a publicly owned supermarket chain to challenge Coles and Woolworths.
The $25 billion pitch is inspired by a policy commitment by New York Mayor Zohran Mamdani.
Greens leader David Shoebridge says the chain could be a solution to rising food prices.
Link copied Share Share article The Greens' official think tank has called for the forced sale of 200 Coles and Woolworths supermarkets to be converted into public grocers in a pitch to slash grocery bills by hundreds of dollars a month.
Almost everybody is concerned by rising food prices, according to a YouGov poll of 1,500 voters commissioned by The Green Institute.
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