From @WSJopinion: Zohran Mamdani’s easy victory in the Democratic mayoral primary marks a sharp left turn for New York City. But perhaps more important is that it signals the rise of leftwing economic populism as a leading alternative to MAGA. https://t.co/Cd6s0962Cd ...

Core Viewpoint - Fred Smith, the founder of FedEx, emphasized the importance of free trade as a means for the U.S. to achieve wealth while allowing global prosperity, criticizing the neglect of U.S. industry in favor of financial and tech sectors [1] Group 1 - Smith's belief that free trade has made the U.S. the only global power to get rich while enabling global prosperity [1] - Criticism of U.S. administrations for prioritizing financial and tech sectors over industrial growth, leading to increased populism [1] - The perception of global trade as a villain due to the neglect of U.S. industry [1]

Economic Policy Concerns - Democratic Socialist program is considered profoundly dangerous for New York, the Democratic Party, and the United States [1] - Economic populism, similar to President Trump's approach, poses dangers [2] - Proposed measures like free college, childcare, mass transit, rent control, and minimum wage increases financed by taxes on the wealthy are viewed as extremely dangerous [2] Political Implications - Democratic socialist candidate's economic approach is seen as more populist and dangerous than President Trump's [3] - Selecting the Democratic socialist candidate could brand the Democratic Party negatively [3] - The debate within the Democratic Party might be perceived as leaning towards extreme measures involving envy politics and government control of the economy [3] Wealth and Mobility - Tax increases on the wealthy are expected to be problematic due to their mobility [2]